Tag: rvo

ICE launches RVO futures contracts

ICE launches RVO futures contracts

March 28, 2022 |

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 […]

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EPA extends RVO compliance dates for 2019-2022

EPA extends RVO compliance dates for 2019-2022

January 31, 2022 |

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 […]

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American Bakers Association pushing for RVO freeze due to soy oil demand

American Bakers Association pushing for RVO freeze due to soy oil demand

October 13, 2021 |

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 […]

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“Leaked” 2020-2022 RVO figures reported in the press said to be a “spoof”

“Leaked” 2020-2022 RVO figures reported in the press said to be a “spoof”

September 23, 2021 |

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 […]

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RFA says low RVO would “cripple” ethanol industry

RFA says low RVO would “cripple” ethanol industry

September 1, 2021 |

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 […]

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EPA seen cutting 2021 RVO but increasing blending for 2022

EPA seen cutting 2021 RVO but increasing blending for 2022

August 23, 2021 |

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 […]

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EPA proposal would allow refiners more time to comply with 2019 and 2020 RVOs

EPA proposal would allow refiners more time to comply with 2019 and 2020 RVOs

March 24, 2021 |

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. […]

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Coalition wants federal appeals court to push EPA to replace missing gallons

Coalition wants federal appeals court to push EPA to replace missing gallons

November 23, 2020 |

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 […]

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EPA’s proposed RFS biofuel volumes for 2020 being slammed by biofuel industry

EPA’s proposed RFS biofuel volumes for 2020 being slammed by biofuel industry

July 7, 2019 |

Maybe it was too many fireworks, too many hot dogs, or the summer heat in D.C., but the EPA came back the day after the 4th of July holiday with a whopper for next year’s biofuel targets under the Renewable Fuel Standard that have the farming and biofuel sectors reeling in frustration and disappointment. Maybe […]

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EPA RVO – Details on the digits and reactions ‘round the country

EPA RVO – Details on the digits and reactions ‘round the country

December 2, 2018 |

What a whirlwind weekend after the U.S. Environmental Protection Agency announced their final renewable volume obligations under the Renewable Fuel Standard program for 2019. “It’s just numbers,” some say, but oh no, not in the biofuels world. It’s never just numbers. This time it’s about waivers, fixing the damage done, and ensuring a bright future […]

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