Alto Ingredients Inc (ALTO)

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Bloomberg: U.S. favors 15B-gallon biofuels quota for next year, matching 2017
Jul. 5, 2017 12:53 PM ET|By: Carl Surran, SA News Editor

Source: https://seekingalpha.com/news/3277051-bloomberg-u-s-favors-15b-gallon-biofuels-quota-next-year-matching-2017?app=1&dr=1&utoken=b26005173e5457b412ab97a773848c8e#email_link

The Trump administration will propose that refiners use 15B gallons of renewable fuels next year, Bloomberg reports, matching the 2017 requirement set by the Obama administration and setting up a potential clash with oil refiners that pushed for a smaller quota.

Refiners say the ethanol requirement exceeds a 10% "blend wall” that can be easily blended into the fuel supply; The American Petroleum Institute had asked the EPA to set lower quotas that would reflect ~9.7% of projected gasoline demand.

Relevant ethanol stocks include ADM, ANDE, PEIX, OTCPK:BFRE, GPRE, REX.

Biofuel names include: REGI, FF, AMRS, GEVO, CDTI

Refiners include: CVI, CVRR, VLO, HFC, PBF