In Washington, Reuters reports the Environmental Protection Agency has agreed to publish renewable volume obligation mandates for 2023 and beyond by the end of this week although Platts reports the agency promised it would meet its court-ordered Nov. 30 deadline on Wednesday. The expectation is that a multi-year mandate will help tame RIN markets. Together […]
In Washington, U.S. Sens. John Thune (R-S.D.) and Dick Durbin (D-Ill.), members of the Senate Committee on Agriculture, Nutrition, and Forestry, today a bipartisan group of their colleagues in urging the Environmental Protection Agency (EPA) to establish renewable volume obligations that are additive for all fuel types in the upcoming “set” rule under the Renewable […]
In New York state, Intercontinental Exchange, Inc has launched the RVO (OPIS) Current Year Future & Argus RVO Current Year Future, based on the OPIS and Argus daily price assessments. Each futures contract is equivalent to 50,000 gallons. ICE offers cash settled RINs futures, including the D6 ethanol and D4 biodiesel (OPIS) (product codes: RIN […]
In Washington, the U.S. Environmental Protection Agency (EPA) announced a finalized extension to the Renewable Volume Obligation (RVO) compliance deadlines for 2019, 2020, 2021, and for 2022. The 2019 RVO compliance deadline for small refineries was originally set for November 30, 2021, and the 2020 RVO compliance deadline for all obligated parties was previously set […]
In Washington, Food Business News reports that American Baking Association is calling for a freeze on biodiesel blending mandates, claiming that bakers don’t have access to enough soy oil due to increasing competition with biodiesel and renewable diesel. If the Environmental Protection Agency sticks with the status quo for renewable volume obligations for 2022, demand […]
In Washington, DTN reports that a fictious email is being sent around pretending to come from the Renewable Fuels Association alleging potential RVO numbers for 2020 through 2022 ahead of their possible publication on Friday, which the association calls a “spoof”. Those numbers, including a revision down of 2020 blending, was reported by news agencies […]
In Illinois, Brownfield Ag News reports that the Renewable Fuels Association fears cutting the blending mandate for 2021 as proposed by the Environmental Protection Agency could “cripple” the ethanol industry. Ethanol production is currently 3.5 billion gallons below where it could be if it was running at full capacity, meaning that ethanol is more expensive […]
In Washington, Reuters reports sources say the Environmental Protection Agency, as soon as last Friday, was expected to send its recommendations regarding the 2021 and 2022 biofuel blending mandates to the White House, recommendations which suggest levels below 2020 levels for 2021 but higher for 2022. On news of the lower blending volume proposal, said […]
In Washington, Reuters reports the Environmental Protection Agency has decided that it will allow refiners to prove compliance with 2020 blending volumes as late as Jan. 31, 2022 while it will allow small refiners to demonstrate compliance for 2019 by Nov. 30, 2021. The agency is currently finalizing the proposal to allow for the extensions. […]
In Washington, a coalition of the nation’s largest biofuels and agricultural trade groups filed a motion in the U.S. Court of Appeals in the District of Columbia asking the court to enforce its 2017 decision requiring the U.S. Environmental Protection Agency (EPA) to address its improper waiver of 500 million gallons of biofuel demand in the 2016 renewable volume obligation (RVO). The coalition, which includes […]
