All articles tagged with #renewable fuel standard
The US EPA has proposed increasing biofuel blending volumes through 2027, supporting the biofuels industry with higher mandates for biomass-based diesel and overall biofuel use, amidst industry support and concerns from oil refiners about market capacity and costs.
The Trump administration's EPA proposes increasing biofuel blending quotas for 2026, aiming to boost domestic biofuel production and reduce imports, with a focus on supporting American farmers and renewable energy industries, while also considering changes to compliance credit values and exemptions for small refineries.
The US EPA is set to propose lower biomass-based diesel quotas for 2026 and 2027 than industry expected, potentially impacting biofuel markets and related credit trading, with decisions also pending on small refinery exemptions.
The U.S. Environmental Protection Agency (EPA) has denied almost all outstanding petitions from oil refiners seeking exemptions from biofuel blending mandates. The agency rejected 26 petitions from 15 small refineries for the 2016-2018 and 2021-2023 compliance years, with two petitions still pending. The EPA also disclosed the names of refiners that submitted petitions and those participating in an alternative compliance schedule. President Joe Biden's administration aims to reduce carbon emissions and has not yet granted any waivers to refineries, in contrast to the previous administration. The EPA stated that none of the petitioning refineries demonstrated disproportionate economic hardship caused by compliance with the Renewable Fuel Standard.
During a campaign event in Iowa, former President Trump criticized potential 2024 candidate Ron DeSantis, calling him a "globalist sellout" and claiming he would be a catastrophe for farmers. Trump accused DeSantis of fighting to kill jobs in the agricultural industry and ending the renewable fuel standard. Trump also made headlines when he revealed he didn't know what a Blizzard was during a visit to a Dairy Queen, prompting a response from the Democratic National Committee on Twitter.
Former President Donald Trump criticized Florida Governor Ron DeSantis for his previous opposition to the Renewable Fuel Standard and support for efforts to eliminate it, highlighting their differences on ethanol policy. Trump's remarks come as he launched a "Farmers for Trump" coalition, touting his support for access to new markets for ethanol and promising to reverse the Biden administration's policies on Day 1. However, Trump's own record on biofuels during his time in office was mixed, with actions such as issuing waivers benefiting oil refineries and slashing demand for biofuels. Iowa voters, who see ethanol policy as a key issue, have shown openness to candidates with nuanced positions on the Renewable Fuel Standard.
The US Environmental Protection Agency (EPA) has issued a final rule under the Renewable Fuel Standard (RFS) program that establishes the biofuel volume requirements for 2023 to 2025. The final rule strengthens US energy security by reducing reliance on foreign sources of oil by roughly 130,000 to 140,000 barrels of oil per day over the time frame of the final rule, 2023–2025. The final rule also discusses EPA’s intent to monitor the ongoing implementation of the RFS program and its impacts on domestic refineries, which have a critical role to play in our energy security.