New Year’s Eve deadline for US blending limits
The US Environmental Protection Agency (EPA) is now aiming for December 31 as the point by which it will propose rules on the amount of biofuels refiners must blend into their fuel mix next year.
This was after missing a deadline last month to release the proposal.
Under the adjusted timeline, the agency will aim to finalise the rule on the so-called Renewable Volume Obligations in June 2021.
The EPA is in charge of administering the US Renewable Fuel Standard, which requires refiners to blend billions of gallons of biofuels into their fuel mix each year, or buy tradable credits from those that do.
The regulation has been a bone of contention between the corn industry, which supports it because it creates demand for ethanol, and the refining industry, which opposes it because it is costly and competes with traditional petroleum fuels.
The EPA missed a November 30 deadline for issuing the obligations this year, after the process was complicated by the coronavirus pandemic and its economic fallout for the fuel industry.
This was after missing a deadline last month to release the proposal.
Under the adjusted timeline, the agency will aim to finalise the rule on the so-called Renewable Volume Obligations in June 2021.
The EPA is in charge of administering the US Renewable Fuel Standard, which requires refiners to blend billions of gallons of biofuels into their fuel mix each year, or buy tradable credits from those that do.
The regulation has been a bone of contention between the corn industry, which supports it because it creates demand for ethanol, and the refining industry, which opposes it because it is costly and competes with traditional petroleum fuels.
The EPA missed a November 30 deadline for issuing the obligations this year, after the process was complicated by the coronavirus pandemic and its economic fallout for the fuel industry.
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