Today, the Environmental Protection Agency (EPA) released its final 2017 Renewable Volume Obligations (RVOs) rule for the Renewable Fuel Standard (RFS). The conventional biofuel amount of 15 billion gallons is an increase from 14.8 billion gallons in the proposed rule, and sets the levels in line with bipartisan Congressional intent.
In response, Emily Skor, CEO of Growth Energy, issued the following statement:
“We are pleased that the EPA’s rule finally achieves the statutory volume for conventional biofuel as called for by Congress. The Renewable Fuel Standard is our country’s most successful energy policy. It continues to inject much needed competition and consumer choice into the vehicle fuels marketplace. It enables greater consumer adoption of cleaner biofuels that displace toxic emissions and reduce harmful emissions, while creating American jobs, spurring innovation and lowering the price at the pump.
“Today’s announcement by the administration validates the critical importance of cleaner burning, less expensive biofuels, like ethanol. The American ethanol industry is a true success story, and with increased volumes, producers can unleash their full potential to ensure that higher blends, such as E15, are available to consumers and producers can continue to innovate by leveraging 21st century fuels for 21st century cars.
“This announcement is a win for our energy security, the environment, the American consumer and American innovation. We look forward to working with EPA, as well as the incoming Trump administration, to ensure the continued successful implementation of the RFS.”