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The rule requires refiners to mix a record 25.82 billion gallons of biofuels into conventional diesel and gasoline this year, EPA says.

The Trump administration is moving quickly to get out biofuels blending standards, with an announcement coming soon, according to Agriculture Secretary Brooke Rollins.

Disruptions to crude oil supplies wrought by the Middle East conflict are boosting the appeal of crop-based biofuels, lifting demand for vegetable oils and corn.

Soy rose to its highest level in more than two years after strikes by the U.S. and Israel on Iran. Contracts in Chicago surged as much as 3.9% before paring some gains.

“One of the things in this industry is that there’s always uncertainties,” Krista Swanson, chief economist at the National Corn Growers Association, said in an interview.

The American Petroleum Institute joined a coalition of biofuel producers and fuel retailers asking President Donald Trump to push Congress to develop legislation on the issue.

Emissions can be reduced, and trucking fleets still can rely on today’s predominant vehicle technologies and fueling infrastructure.

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.