Today’s announcement of the final 2018 Renewable Volume Obligation under the Renewable Fuel Standard is either pleasing or a missed opportunity, depending on your point of view.
The numbers EPA announced Nov. 30 vary only slightly from the proposed standards issued in July.
The final numbers are 19.29 billion gallons of total renewable fuel and 2.1 billion gallons for biomass-based biodiesel.
The proposed numbers were 19.24 billion gallons of total renewable fuel and 2.1 billion gallons for biomass-based biodiesel.
“Maintaining the renewable fuel standard at current levels ensures stability in the marketplace and follows through with my commitment to meet the statutory deadlines and lead the agency by upholding the rule of law,” said EPA Administrator Scott Pruitt.
The National Corn Growers Association said they were pleased with the Trump administration’s commitment “to keep the RFS on track when it comes to conventional ethanol.”
“Not only has EPA hit the mark with the 15 billion-gallon implied target, but EPA has also improved on the proposed rule by correctly growing the total 2018 volume from the 2017 level as intended in the RFS,” said North Dakota farmer Kevin Skunes, president of the National Corn Growers Association, in a media statement.
The American Soybean Association sees things a little differently.
“It’s fair to say that we’re very frustrated yet again by the lack of growth in these volumes by EPA; we can do more, and we’ve shown that year after year,” said American Soybean Association President Ron Moore of Illinois. “The flat nature of the biomass-based diesel and advanced biodiesel volumes continues to be a missed opportunity to capitalize on a valuable market for soybean oil.”