Renewable Fuels Volume Standards Timeline Announced
The Environmental protection Agency (EPA) today announced a proposed settlement with the American Petroleum Institute (API) and the American Fuel and Petrochemical Manufacturers (AFPM) over deadlines for issuing annual requirements under the Renewable Fuel Standard (RFS) program. Under the proposed consent decree, the Agency would issue final annual volume standards for 2014 and 2015 by the end of this year. Although not required by the consent decree, EPA will also finalize the standards for 2016 this year.
The proposed consent decree does not address the content or substance of the volume standards, and it establishes the following schedule:
-By June 1, the agency will propose volume requirements for 2015;
-By November 30, EPA will finalize volume requirements for 2014 and 2015 and resolve a pending waiver petition for 2014.
EPA also announced today that:
-EPA will propose and finalize the RFS standards for 2016 on the same timeline (proposal by June 1, final by November 30);
-EPA will propose and finalize the RFS biomass-based diesel volume requirement for 2017 on the same schedule; and
-The agency will re-propose volume requirements for 2014 that reflect the volumes of renewable fuel that were actually used in 2014.
More information may be found here