RFA Happy With EPA Proposal
RFA: EPA's 2018 RVO Would Boost Infrastructure Investment
NEW YORK (DTN) -- The Renewable Fuels Association (RFA) said it is pleased with the U.S. Environmental Protection Agency's (EPA) proposal Wednesday to maintain the conventional biofuel requirement for 2018 at 15 billion gallons as required by the Renewable Fuel Standard (RFS).
"By maintaining the 15 billion gallon level for corn ethanol, the rule will also help to drive more investment in infrastructure to accommodate higher ethanol blends," said RFA President and CEO Bob Dinneen. "The RFS is a vital policy and we encourage EPA to finalize this rule as quickly as possible and certainly in time to meet the statutory deadline of Nov. 30."
The total renewable fuel volume under the 2018 proposal is 19.24 billion gallons, down from 19.28 billion gallons required for this year.
The biomass-based diesel standard for 2019 would be maintained at the 2018 levels of 2.1 billion gallons, with the volume requirement for the nested biomass-based diesel category set in 2016. For 2017, 2.0 billion gallons of biomass-based diesel is required.
EPA's proposal cuts the cellulosic biofuel requirement from 311 million gallons in 2017 to 238 million gallons in 2018. The proposal also cuts the advanced biofuel requirement to 4.24 billion gallons in 2018 from 4.28 billion gallons in 2017.
Brian Milne can be reached at brian.milne@dtn.com
(BE)
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