FUE - Biofuel industry expects outgoing EPA to grant most refinery waivers - Reuters

The U.S. biofuel industry expects the outgoing Trump administration to approve most of the waiver requests it has pending from the oil refining industry for 2019, Reuters reports.The Environmental Protection Agency likely will grant waivers for the 2019 compliance year exempting refiners from blending at least 1.1B gallons of biofuels into their fuel mix, which would amount to ~22 of the 32 pending waiver requests, according to the report.The Renewable Fuels Association is said to have told the EPA that it would challenge the agency if it approves any of the 32 pending waiver requests for 2019.Relevant tickers include [[VLO]], [[MPC]], [[PSX]], [[PBF]], [[HFC]], [[CVI]], [[PARR]], [[ADM]], [[GPRE]], [[GPP]], [[PEIX]], [[REGI]], [[REX]], [[ANDE]]ETFs: [[CORN]], [[FUE]], [[CRAK]], [[PXE]]The U.S. Supreme Court said last week it would review a lower court ruling that severely limited the government's powers to exempt small refineries from federal biofuels blending quotas.

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Biofuel industry expects outgoing EPA to grant most refinery waivers - Reuters