EPA Proposes Biofuel Requirements for 2019; On Track to Meet Congressional Deadline

News Releases from Headquarters›Air and Radiation (OAR)

06/26/2018

WASHINGTON (June 26, 2018) – Today, the U.S. Environmental Protection Agency (EPA) Administrator Scott Pruitt issued a proposed rule under the Renewable Fuel Standards (RFS) program that would set the minimum amount of renewable fuels that must be supplied to the market in calendar year 2019, as well as the biomass based diesel volume standard for calendar year 2020.  

“I’ve traveled to numerous states and heard firsthand about the importance of the RFS to farmers and local communities across the country,” said EPA Administrator Scott Pruitt. “Issuing the proposed rule on time meets Congress’s statutory deadlines, which the previous administration failed to do, and provides regulatory certainty to all impacted stakeholders.”

Some key elements of today’s action:

•  “Conventional” renewable fuel volumes, primarily met by corn ethanol, would be maintained at the implied 15-billion gallon target set by Congress for 2019.
   
• The advanced biofuel standard for 2019 would be increased by almost 600 million gallons over the 2018 standard.
   
• The cellulosic biofuel standard for 2019 would be increased by almost 100 million gallons over the 2018 standard.
   
• The biomass-based diesel standard for 2020 would be increased by 330 million gallons as compared to the standard for 2019.  
   
• Consistent with the Agency’s commitment to improve the program’s implementation, EPA is also taking comment on a host of ways to improve market transparency, including by limiting who can participate in the Renewable Identification Number (RIN) market and the length of time a RIN can be held.

Proposed and Final Renewable Fuel Volume Requirements for 2018-2020

*The biomass-based diesel standard for 2019 was set at 2.1 billion gallons in 2018 and cannot be changed.

​The Clean Air Act requires EPA to set annual RFS volumes of biofuels that must be used for transportation fuel for four categories of biofuels: total, advanced, cellulosic, and biomass-based diesel. EPA is using the tools provided by Congress to adjust the standards below the statutory targets based on current market realities. EPA implements the RFS program in consultation with the U.S. Department of Agriculture and the U.S. Department of Energy. 

For more information on today’s announcement, go to: https://www.epa.gov/renewable-fuel-standard-program/regulations-and-volume-standards-renewable-fuel-standards

Read More..

The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.

ChoiceTrade Holdings Launches Equity Crowdfunding Campaign to Expand Product and Service Offerings

**Disclaimer:The news, reports, views and opinions expressed by the Crowdfunding Platforms that are advertised at crweworld.com are their own and do not necessarily represent the views of CRWE World. Crown Equity Holdings Inc. has received $2,000.00 (two thousand dollars) in cash for 30 days of advertisement services for ChoiceTrade Holdings from Wallstreet Equities Ltd.