The U.S. Environmental Protection Agency (EPA) released its final Renewable Fuel Standard (RFS) volumes for the coming years that includes additional growth in the biodiesel category from what was proposed earlier this year.
The Biomass-based Diesel volumes are as follows:
2014 – 1.63 BG
2015 – 1.73 BG
2016 – 1.90 BG
2017 – 2.00 BG
These volume levels represent a modest improvement over the Proposed Rule. The Proposed Rule called for 1.63 billion gallons in 2014, 1.7 in 2015, 1.8 in 2016 and 1.9 in 2017.
“We are glad to see the volumes for biomass-based diesel increased above the Proposed Rule and previous proposals,” said American Soybean Association President Wade Cowan. “Biodiesel provides significant economic and environmental benefits and we have the capacity to do more. The Administration wants to address climate change and reduce greenhouse gas emissions and biodiesel can contribute more to that effort.”
The final requirements will boost renewable fuel production and provide for robust, achievable growth of the biofuels industry. The Final Rule considered the many public comments EPA received on the proposal, and incorporates updated information and data.
While the volumes in the Final Rule do not fully capitalize on the capacity and growth potential of U.S. biodiesel, it does provide a step in the right direction.
“A strong biofuels industry is an essential component of the rural economy and necessary to achieving our full potential of producing the next generation of domestic biofuels,” said House Agriculture Committee Ranking Member Collin Peterson. “Today’s announcement isn’t everything we wanted, but is an improvement on the disastrous proposed rule. The Administration deserves credit for listening to our concerns and now needs to immediately start work on the numbers and get the program back on track.”
The Minnesota Soybean Growers Association (MSGA), along with ASA, appreciates EPA, the U.S Department of Agriculture (USDA) and the Obama Administration for their contributions to this Final Rule that provides some stability and modest growth for the U.S. biodiesel industry.
“We are pleased that the EPA has recognized that the U.S. biodiesel industry can indeed provide more clean, renewable fuel to the American consumer, as well as build and increase jobs within the United States,” said Minnesota Soybean Senior Director of Field Services Mike Youngerberg.
More information about the rule can be found here on the EPA’s website.