EPA Proposes RFS Changes to Boost Domestic Biofuel Industry, Support Farms
The Environmental Protection Agency (EPA) has proposed changes to the Renewable Fuel Standard (RFS) program, aiming to boost the domestic biofuel industry and support farm economies. Led by Sen. Charles E. Grassley, a bipartisan group argues that reducing RIN values for foreign imports will achieve this. The EPA is currently seeking public comment on these plans, with a deadline of October 31.
The EPA's plan targets the use of foreign imports in the U.S. biofuel market, aiming to level the playing field for domestic feedstock and biofuel producers. The proposal includes measures to increase the Renewable Fuel Obligation (RVO) and reduce the value of Renewable Identification Numbers (RINs) for foreign-produced fuels and biofuel components. This is expected to strengthen domestic biofuel markets and support farming communities.
The EPA has also addressed concerns from Republican lawmakers by adding a supplemental rulemaking to clarify small-refinery exemptions. The agency's analysis highlights potential benefits, including job creation and economic growth for farming communities. In support of the EPA's plans, the nation's largest biofuel trade group, Growth Energy, has urged the EPA to finalize its proposals at a public hearing. Additionally, 47 members of Congress have petitioned the EPA to finalize its proposal for the Renewable Fuel Standard program.
The EPA's proposed changes to the RFS program aim to support the domestic biofuel industry and farm economies by reducing the use of foreign imports. With public comment open until October 31, stakeholders are encouraged to share their views. The EPA's final decision will impact the biofuel market and farming communities nationwide.
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