# EPA scraps detailed plan to force U.S. refiners to blend more biofuels

> EPA has scrapped a detailed plan that would have raised the renewable fuel blending obligation for refiners. The change follows the agency's expanded use of small refinery waivers under the Trump administration. Overall blended volumes are to be kept on target through other means.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/63922-epa-scraps-detailed-plan-to-force-u-s-refiners-to-blend-more-biofuels
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dropping the higher blending obligation reduces expected biofuel demand, which is bearish for soybean oil and corn used in ethanol. Refiners may also face less pressure to buy renewable credits.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-02-28 | [Trump to shift biofuel blending burden off U.S. refiners: sources](https://feedsoft.ai/events/72360-trump-to-shift-biofuel-blending-burden-off-u-s-refiners-sources.md) | +5.2% | -0.2% |
| SBO | 2019-12-20 | [EPA’s final 2020 RFS rule adds more uncertainty to US biofuel policy - Biofuels International Magazine](https://feedsoft.ai/events/55455-epa-s-final-2020-rfs-rule-adds-more-uncertainty-to-us-biofuel-policy-biofuels.md) | +2.8% | -3.1% |
| SBO | 2020-04-16 | [Five oil-refining states ask US EPA to waive biofuel mandate amid plunging fuel demand \| S&P Global](https://feedsoft.ai/events/53530-five-oil-refining-states-ask-us-epa-to-waive-biofuel-mandate-amid-plunging-fuel.md) | -3.7% | -3.5% |
| 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 | 2017-09-27 | [EPA signals cut to U.S. biodiesel blending; soyoil prices drop - Governors' Biofuels Coalition](https://feedsoft.ai/events/69027-epa-signals-cut-to-u-s-biodiesel-blending-soyoil-prices-drop-governors-biofuels.md) | -2.2% | +3.3% |
| CORN | 2017-02-28 | [Trump to shift biofuel blending burden off U.S. refiners: sources](https://feedsoft.ai/events/72360-trump-to-shift-biofuel-blending-burden-off-u-s-refiners-sources.md) | +0.9% | -1.1% |
| CORN | 2020-04-16 | [Five oil-refining states ask US EPA to waive biofuel mandate amid plunging fuel demand \| S&P Global](https://feedsoft.ai/events/53530-five-oil-refining-states-ask-us-epa-to-waive-biofuel-mandate-amid-plunging-fuel.md) | -1.1% | -1.4% |
| CORN | 2019-08-09 | [EPA Announces Biofuel and Small Refinery Exemption Priorities \| US EPA](https://feedsoft.ai/events/57447-epa-announces-biofuel-and-small-refinery-exemption-priorities-us-epa.md) | -7.7% | -8.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-biofuels-epa/epa-scraps-detailed-plan-to-force-u-s-refiners-to-blend-more-biofuels-idUSKBN1K12JX/

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