EPA makes major moves in biofuels policy, setting precedent for 2023 ‘set’

Source: By Inside EPA • Posted: Wednesday, June 8, 2022

After months of delay, EPA has made a series of major decisions charting the future course of its biofuels policy under the renewable fuel standard (RFS), which aim to return blending levels to pre-pandemic levels this year, where the 2022 volumes will set a benchmark for 2023 and beyond, when EPA must “set” volumes on its own authority.
Further, the agency has denied all remaining requests by small refiners for RFS exemptions, and retroactively denied 34 previously-granted waivers, in a blow for small, independent refiners — but a win for biofuels producers, who say the waivers undermine demand for biofuel. EPA is further promising to provide a means for generating RFS credits, known as renewable identification numbers (RINs), for electricity generated from biomass and used for transportation, in its forthcoming proposal to “set” volumes for 2023 and beyond.