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The $500 million facility is a venture between BP Products North America and South Dakota Soybean Processors.

The EPA proposed requiring large oil processors to make up for biofuel blending obligations waived for small refineries, boosting farmer-friendly stocks.

Biofuel company shares dipped on fears that Trump administration policies may fall short of offsetting exemptions from mandates requiring refineries to blend renewable fuels into gas and diesel.

The decision applies to 38 small refineries that had requested waivers from annual blending quotas, according to a statement Aug. 22.

EPA could rule as soon as this week on dozens of pending petitions from small oil refineries seeking exemptions from ethanol- and biodiesel-blending obligations from recent years.

A 1.4 billion-liter tide of cheap U.S. biofuels threatens to wipe out both of the U.K.’s domestic ethanol producers, and could affect British industries from meatpacking to making beer.

The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year while seeking to discourage the use of imported supplies.

After losing their biggest export market, U.S. farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage.

Port of Stockton in California celebrated the debut of an expanded renewable fuels terminal that will facilitate the movement of biodiesel and renewable diesel from ships.

USDA will release nearly $260 million in new funds among a pot of $537 million in biofuel grants for 543 ethanol and biodiesel projects in 29 states.