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Investing.com -- Darling Ingredients (NYSE:DAR) stock rose 9% Tuesday, while Archer-Daniels-Midland (NYSE:ADM) shares gained 3.4% following the Environmental Protection Agency’s announcement of supplemental proposed renewable fuel standards for 2026 and 2027.
The EPA’s September 16 proposal includes considerations for the reallocation of small refinery exemptions (SREs) granted for 2023 and 2024, as well as those projected for 2025. The agency is co-proposing options for either complete (100%) or partial (50%) reallocation of these exemptions as part of the ongoing Renewable Fuel Standard (RFS) rulemaking process.
The announcement appears to have boosted investor confidence in biofuel producers like Darling Ingredients, which converts food waste into sustainable products including renewable diesel. Archer-Daniels-Midland, a major agricultural processor and biofuel producer, also benefited from the news.
The EPA will hold a virtual public hearing on October 1 to discuss the proposed rule, with registration required by September 24. Verbal testimony will be limited to three minutes per person to ensure all participants have an opportunity to speak.
The agency is also providing additional information on its projection of small refinery exemptions to inform the calculation of percentage standards for 2026 and 2027, which could impact compliance requirements for fuel producers and refiners in the coming years.
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