Today the Environmental Protection Agency (EPA) released its proposal for the 2014 Renewable Volume Obligations (RVOs) as part of the Renewable Fuel Standard (RFS) for the amount of renewable fuels to be blended into gasoline and diesel. The EPA has proposed to set the cellulosic biofuel category at 17 million gallons, biomass-based diesel at 1.28 billion gallons, advanced biofuel at 2.20 billion gallons and renewable fuel at 15.21 billion. Development with input from the U.S. Department of Energy and U.S. Department of Agriculture, the proposal seeks public input.
Fuels America coalition hosted a media call in reaction to the EPA’s proposed renewable volume obligations (RVOs). The biofuels industry said they were disappointed and the proposed volumes would set the entire industry back.
During the call, Bob Dinneen from the Renewable Fuels Association (RFA) unveiled a new analysis showing how the RVOs, if implemented, would impact gas prices. Also discussed:
- If implemented, how the proposed RVOs would impact gas prices;
- How this proposed action would drive investment in cellulosic and advanced renewable fuels to other countries; and
- How reducing the amount of renewable fuel in the nation’s gasoline would devastate the rural economy.
In addition to Bob Dinneen, participants included Brent Brent Erickson, Executive Vice President, BIO; Roger Johnson, President of the National Farmers Union; and Tom Buis, CEO of Growth Energy.
Listen to the full media call here including the question & answer session.
EPA Announces 2014 RVOs, Industry Reacts