EPA Expected to Increase Renewable Fuel Volumes in 3-Year Proposal, Sources Say
by Kelsey Tamborrino (Politico Pro) EPA is poised to propose increases in renewable fuel blending requirements under an upcoming proposal setting the future of the Renewable Fuel Standard, according to two people familiar with the proposal.
The agency is expected to soon release its biofuel blending volumes under the RFS for the next three years. The federal program requires oil refiners to blend a minimum volume of renewable fuel into the nation’s transportation fuel each year. Refiners can also comply through purchase of tradable credits known as renewable identification numbers, or RINs.
The upcoming proposal will mark the first time EPA has the statutory authority to determine the annual volumes.
Details: As part of the upcoming proposal, the agency is expected to propose blending 20.82 billion gallons of total renewable fuel for 2023, according to the people familiar with the upcoming proposal who spoke on the condition of anonymity to discuss the not-yet-released proposal.
The agency will propose 5.82 billion gallons for total advanced biofuels next year, with an expected volume of 15 billion gallons for conventional biofuels, which includes corn-based ethanol, according to the people. READ MORE
U.S. EPA expected to propose biofuel blending requirements by end of week -sources (Reuters)
Excerpt from Reuters: Reuters previously reported that the EPA is expected to propose that electric vehicles be eligible for renewable fuel credits, according to sources. The inclusion of electric vehicles into the RFS would be one of the largest changes to the program since it began more than a decade ago. READ MORE