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POET Responds to EPA Renewable Volume Obligation

POET Responds to EPA Renewable Volume Obligation

The amount of advanced biofuels will be 4.29 billion gallons, with biomass-based diesel the same as set in July at 2.1 billion gallons and cellulosic biofuel at 288 million gallons - 50 million gallons higher than the July proposal.

Iowa Renewable Fuels Association Executive Director Monte Shaw says many expected the numbers, "Based on the 2018 biodiesel level finalized a year ago, biodiesel producers had every right to expect a 100 million gallon increase for 2018".

"Unfortunately, this final rule fails to recognize the enormous opportunity before us to harness our nation's vast cellulosic resources for higher performing and lower cost fuels". "The biofuels industry will rise or fall together, and thus we are disappointed the final rule is not more aggressive with regard to other advanced biofuels such as biodiesel".

The amount of conventional renewable fuels, mostly ethanol, held steady at 15 billion gallons.

"The EPA's announced renewable volume obligations fall short of the full potential of the USA biofuels industry. We would like to have seen a boost to the target blending levels for cellulosic biofuels, and we will continue to work with the administration to advance the RFS goal of further stimulating growth and showing USA leadership in 21st century fuels", she added.

Pakistan capital tense as military silent on protests
Numerous supporters are from ultra-conservative Tehreek-e-Labaik party, who accuse Law Minister Zahid Hamid of blasphemy. The protesters blocked roads and demonstrated at the Numaish traffic intersection in the city's busy Saddar area.

Industry officials say biodiesel demand is greatly affected by the EPA's required levels, and that this new volume will stunt growth.

"Corn ethanol, of all blends, has saturated the domestic market, and the industry, protected by the RFS, just continues to produce ethanol at a pace faster than consumption can grow", noted the National Chicken Council in comments submitted in August to the EPA. Under the RFS, ethanol has helped to lower prices at the pump, reduce greenhouse emissions, displace harmful toxic gasoline compounds, reduce crude oil imports, and boost local economies. Corn producers are relieved at a small uptick in renewable fuel requirements, while biodiesel producers say the EPA did not listen to their plea.

"The RFS remains America's single most successful energy policy and continually works to save consumers money, protect the environment, drive rural growth, and secure USA energy independence".

"Today, the EPA has upheld their commitment to set the volume requirements for conventional ethanol for 2018 approved levels, and I am pleased that this administration is keeping its pledge to rural America to support the RFS", Ernst said. EPA implements the program in consultation with U.S. Department of Agriculture and the Department of Energy. We firmly believe the United States industry is fully capable of delivering increasing volumes of biomass-based diesel to meet a growing RVO as Congress intended when it created the RFS.


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