The proposed 2018 Renewable Fuel Standard (RFS) level for conventional biofuels and 2019 level for biodiesel has been released by the US EPA.
The conventional fuel level was maintained at its 15-billion-gallon cap. The industry request was at a far below 2.75 billion gallons while the proposed 2019 biodiesel level was flat lined at 2.1 billion gallons. Iowa Renewable Fuels Association Executive Director Monte Shaw made the following statement, in response to the released RFS levels:
“IRFA applauds President Trump for keeping his campaign promise with this proposal to uphold the Renewable Fuel Standard for ethanol. Maintaining the 15-billion-gallon conventional biofuels level is good news for E15, motorists and farmers. This proposal would keep the RFS on track and provide regulatory stability for ethanol producers, retailers, and obligated parties alike. Unfortunately, a change in administrations did not change the EPA’s underappreciation for the potential of U.S. biodiesel production. Keeping biodiesel levels frozen at 2.1 billion falls short of U.S. industry capabilities, even before imports are considered. With plants in Iowa running under capacity, IRFA will be urging the EPA during the public comment period to increase the final biodiesel level.” PWKD07072017