The U.S. Environmental Protection Agency is on track to propose a plan to reallocate Renewable Fuel Standard (RFS) volumes lost due to 29 refinery exemptions granted in August.
EPA reportedly sent a proposed rule to the White House Office of Management and Budget (OMB) for review last week. The draft rule is expected to account for about 1.76 billion renewable identification numbers (RINs) affected by the 18 full and 11 partial exemptions granted by the agency on August 31. The EPA promised to deliver a proposal to reallocate 100 percent of the exempted volumes before the end of this month.
Iowa Renewable Fuels Association (IRFA) executive director Monte Shaw says it is important for EPA to get this proposal out on time. “Missing the October deadline would send the wrong message at the wrong moment,” said Shaw. “Earlier this year, the EPA’s robust RFS rule helped spur biofuels demand and prompted idled plants in Iowa to resume production. Any delay would create unnecessary uncertainty and call into question the reallocation commitment. We don’t want to see biofuels plants go back offline. We’re watching this closely and thank the EPA for moving forward.”
After the rule is cleared by OMB, it can be proposed as a draft rule by EPA, at which point it would receive public comment before being finalized sometime next year.













