FUE - EPA grants three biofuel waivers to refiners as Trump departs

January, 20 2021 10:46 AM AB Svensk Ekportkredit ELEMENTS Linked to the MLCX Biofuels Index - Total Return Structured Product

The Environmental Protection Agency yesterday granted three waivers to oil refiners exempting them from biofuel blending obligations in a last-minute move before Pres. Trump leaves office, prompting quick rebuke from ethanol and biodiesel producers.Some 30 waiver requests remain outstanding for 2019 and 15 for 2020, which now will be addressed by the incoming Biden administration."This disappointing action further undermines the integrity of the Renewable Fuel Standard program by destroying demand for additional gallons of biofuel," says Kurt Kovarik, VP for federal affairs at the National Biodiesel Board.Relevant tickers include [[VLO]], [[MPC]], [[PSX]], [[PBF]], [[HFC]], [[CVI]], [[PARR]], [[ADM]], [[GPRE]], [[GPP]], [[PEIX]], [[REGI]], [[REX]], [[ANDE]]ETFs: [[CORN]], [[FUE]], [[CRAK]], [[PXE]]The Renewable Fuels Association reportedly has told the EPA that it would challenge the agency if it approves any of the 32 pending waiver requests for 2019.

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EPA grants three biofuel waivers to refiners as Trump departs

Company Name:	AB Svensk Ekportkredit ELEMENTS Linked to the MLCX Biofuels Index - Total Return Structured Product
Stock Symbol:	FUE
Market:	NYSE

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