New EPA Proposal Suggest a Modest Increase in Biofuel Quotas

The EPA’s proposal to reset the Renewable Fuel Standard (RFS) would require refiners and importers to increase their renewable fuel use in 2020 by 0.6 percent from 19.92 billion gallons to 20.04 billion gallons. Fifteen billion gallons would need to come from corn-based ethanol with 5.04 billion gallons from advanced biofuels.  A 2.43 billion gallon quota for biomass-based diesel in 2021 was suggested as well. The EPA is taking public comments on their proposal now. The plan is slated to be completed by November 30th.BloombergAgPro