The Environmental Protection Agency proposed raising the volumes of ethanol and biodiesel in the nation's fuel supply to new highs in 2023 and subsequent years, reflecting President Joe Biden's support for renewable transportation fuels.
The EPA's proposal represents a big win for the corn lobby and other biofuel groups, which have sought ever-larger renewable fuel blending obligations, and a setback for refiners, who want Biden to cut them slack on their obligations under the Renewable Fuel Standard.The proposal announced Thursday represents the total volume of biofuels that refiners must acquire and blend into retail fuel under the RFS for a given compliance year, known as the renewable volume obligation.
This proposed RVO also marks a major change in the administration of the RFS. The EPA's previous RVOs were based on statutory targets set by Congress, but those targets expired with compliance year 2022. The EPA has frequently missed its statutory deadlines for proposing and finalizing renewable fuel volume requirements, frustrating the biofuel industry.
The RFS is a divisive political issue, with corn growers who are concentrated largely in Midwestern states such as Iowa and Nebraska and their representatives in Congress being major supporters of larger blending obligations.
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