# NBB Letter to EPA's Wheeler Highlights Economic Damage from Refinery Exemptions - Fuels Market News

> The National Biodiesel Board sent a letter to EPA Administrator Andrew Wheeler arguing that retroactive small refinery exemptions under the Renewable Fuel Standard have damaged demand for biodiesel and renewable diesel. The letter rejects the claim that year-round E15 approval offsets that damage. NBB cited University of Illinois economist Scott Irwin's estimate of 2.45 billion gallons of lost demand and a $7.7 billion industry loss.

- Date: 2019-06-27 · published 2019-06-27T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/58471-nbb-letter-to-epa-s-wheeler-highlights-economic-damage-from-refinery-exemptions
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lost biodiesel demand reduces soybean oil use in fuel, which is bearish for soybean oil and the crush margin that supports soybean meal supply.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-04-01 | [NBB calls on EPA to reform small refinery exemptions - Biofuels International Magazine](https://feedsoft.ai/events/59465-nbb-calls-on-epa-to-reform-small-refinery-exemptions-biofuels-international.md) | +2.8% | -1.7% |
| SBO | 2019-08-01 | [NBB Asks EPA to Raise 2020 RFS and 2021 Biodiesel Volumes - Fuels Market News](https://feedsoft.ai/events/57450-nbb-asks-epa-to-raise-2020-rfs-and-2021-biodiesel-volumes-fuels-market-news.md) | +0.8% | +1.3% |
| SBO | 2019-03-19 | [NBB: EPA Undercuts Additional Demand for Biomass-Based Diesel - Fuels Market News](https://feedsoft.ai/events/59972-nbb-epa-undercuts-additional-demand-for-biomass-based-diesel-fuels-market-news.md) | -2.1% | -2.1% |
| SBO | 2019-10-25 | [EPA refinery exemptions reduced renewable fuel blending requirements in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/56439-epa-refinery-exemptions-reduced-renewable-fuel-blending-requirements-in-2018-u.md) | -1.9% | -2.1% |
| SBO | 2018-03-13 | [NBB: Cap on Conventional Ethanol RINs Will Reduce Biodiesel Market By 100-300 Million Gallons Per Year - Fuels Market News](https://feedsoft.ai/events/65896-nbb-cap-on-conventional-ethanol-rins-will-reduce-biodiesel-market-by-100-300.md) | +1.6% | +0.9% |
| SOY | 2019-08-01 | [NBB Asks EPA to Raise 2020 RFS and 2021 Biodiesel Volumes - Fuels Market News](https://feedsoft.ai/events/57450-nbb-asks-epa-to-raise-2020-rfs-and-2021-biodiesel-volumes-fuels-market-news.md) | -1.8% | -1.3% |
| SOY | 2018-03-13 | [NBB: Cap on Conventional Ethanol RINs Will Reduce Biodiesel Market By 100-300 Million Gallons Per Year - Fuels Market News](https://feedsoft.ai/events/65896-nbb-cap-on-conventional-ethanol-rins-will-reduce-biodiesel-market-by-100-300.md) | -1.0% | +1.6% |
| SOY | 2024-02-06 | [Clean Fuels CEO looks to new domestic markets, exports to offset 'dreadfully wrong' RVOs \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15235-clean-fuels-ceo-looks-to-new-domestic-markets-exports-to-offset-dreadfully.md) | -0.3% | -4.6% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/nbb-letter-to-epas-wheeler-highlights-economic-damage-from-refinery-exemptions/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.