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On Nov. 30, the Environmental Protection Agency (EPA) released its final Renewable Volume Obligations (RVOs) for all renewable fuels as well as the 2019 standards for biomass-based diesel. The 2018 RVOs are almost the same as 2017 and reflect modest changes to the initial proposed RVOs:
- Conventional renewable fuels (primarily corn-based ethanol): 15 billion gallons
- Advanced biofuel: 4.29 billion gallons, which will include 288 million gallons of cellulosic biofuel, (created from plant material such as corn husks and switchgrass) and 2.1 billion gallons of biodiesel
- Total renewable fuel volume: 19.29 billion gallons
The RVOs will determine the number of Renewable Identification Numbers (RINs) of each renewable fuel type that obligated parties must acquire.
In 2017, the EPA denied oil industry stakeholders’ petitions to change the Renewable Fuel Standard’s point of obligation downstream to fuel marketers. According to NACS, this change would have led to higher fuel prices and a more complex RFS program.
