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EPA proposes RFS volumes for 2018

 

By: Georgia Farm Bureau
7/12/2017 11:38:51 AM

 

On July 5, the U.S. Environmental Protection Agency (EPA) signed a proposed rule setting the minimum amount of renewable fuels that must be supplied to the market in calendar year 2018 under the Renewable Fuel Standards (RFS) program.  The Renewable Volume Obligations (RVO) rule proposes volume requirements and associated percentage standards that maintain renewable fuel volumes at levels comparable to the 2017 standards. The EPA has proposed that the 2018 RVO be lowered from 4.28 billion gallons to 4.24 billion gallons.

Under federal law, the EPA has until Nov. 30 to finalize the proposed standards. According to the agency press release, the rule is on track to be finalized by that deadline. The proposed volumes, the EPA said, are based on requirements under the law and an analysis of current market dynamics, including energy demand, biofuel production, and market constraints.

The proposed standards drew mixed reviews from agricultural groups. National Corn Growers Association President Wesley Spurlock said the proposed standards are good for farmers in difficult economic times. The American Soybean Association (ASA) expressed disappointment in the EPA's proposal to lower the RVO for advanced biofuels.

Under the proposed rule, non-advanced or "conventional" renewable fuel volumes are maintained at the 15-billion gallon target set by Congress. The biomass-based diesel standard for 2019 would be maintained at the 2018 levels of 2.1 billion gallons.

The proposed rule would cut cellulosic biofuel required volume from 311 million gallons in 2017 to 238 million gallons in 2018. The RVO for biomass-based diesel would go from 2.1 billion gallons in 2017 to 2.1 billion gallons in 2018. The advanced biofuel RVO standard is proposed a 4.24 billion gallons in 2018, down from 4.28 billion gallons in 2017. The renewable fuel RVO is proposed at 19.24 billion gallons in 2018, down from 19.28 billion gallons in 2017.

The EPA is beginning technical analysis that will inform a future rule to reset the statutory volumes for cellulosic, advanced, and total biofuels. The law requires this reset when certain conditions are met.

To read the rule in its entirety visit http://bit.ly/18RFS.

 

For more on this story:   http://bit.ly/18RFS