# NBB: EPA Undercuts Additional Demand for Biomass-Based Diesel - Fuels Market News

> The EPA retroactively granted five new small refinery exemptions for 2017 biomass-based diesel obligations, the NBB said. The exemptions cut the 2017 RVO by an additional 48 million gallons, bringing the total reduction to 240 million gallons, or 12 percent. Cumulative small refinery exemptions for 2015 to 2017 have reduced biomass-based diesel demand by more than 360 million gallons.

- Date: 2019-03-19 · published 2019-03-19T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/59972-nbb-epa-undercuts-additional-demand-for-biomass-based-diesel-fuels-market-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower mandated blending volumes reduce demand for soybean oil feedstock used in biodiesel, which weighs on soybean oil prices and crush margins. The retroactive nature means the lost demand will be felt through 2019.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-06-25 | [NBB: SREs are harming demand for biodiesel, renewable diesel \| Biomass Magazine](https://feedsoft.ai/events/58473-nbb-sres-are-harming-demand-for-biodiesel-renewable-diesel-biomass-magazine.md) | -1.3% | -1.2% |
| SBO | 2023-01-10 | [Ag Implores EPA to Raise RFS Volumes for Biomass-Based Diesel, Biodiesel](https://feedsoft.ai/events/15337-ag-implores-epa-to-raise-rfs-volumes-for-biomass-based-diesel-biodiesel.md) | -2.0% | -9.6% |
| SBO | 2019-12-19 | [EPA Fulfills Another Trump Administration Promise: Finalizes RFS Volumes for 2020 and Biomass Based Diesel Volumes for 2021 \| US EPA](https://feedsoft.ai/events/55449-epa-fulfills-another-trump-administration-promise-finalizes-rfs-volumes-for.md) | +2.8% | -0.2% |
| SBO | 2017-12-12 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2018 and Biomass-Based Diesel Volume for 2019](https://feedsoft.ai/events/67350-federal-register-renewable-fuel-standard-program-standards-for-2018-and-biomass.md) | -1.1% | -0.3% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/nbb-epa-undercuts-additional-demand-for-biomass-based-diesel/

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