OPIS Biofuels Headlines

May 5, 2015
EPA: OMB Reviewing 2014, 2015, 2016 RFS Targets

EPA's proposed 2014, 2015 and 2016 Renewable Fuel Standard (RFS2) targets have been sent to the White House's Office of Management and Budget (OMB) for review, an EPA spokesperson confirmed to OPIS on Tuesday.

"EPA has initiated interagency review on the proposed RFS standards for 2014, 2015 and 2016 and is on track to issue the proposals by June 1," the EPA spokesperson explained.

However, the OMB website has not yet been updated to reflect the review.

In April, EPA announced that as part of a proposed consent decree worked out with petroleum trade groups, it agreed to propose the 2015 RFS targets by June 1 and finalize the 2014 and 2015 targets by Nov. 30.

While not part of the proposed agreement, EPA also said it would:
--propose and finalize the RFS standards for 2016 on the same timeline (proposal by June 1, final by Nov. 30);

--propose and finalize the RFS biomass-based diesel volume requirement for 2017 on the same schedule; and

--re-propose volume requirements for 2014 that reflect the volumes of renewable fuel that were actually used in 2014.

The final 2014 and 2015 RFS targets were due by Nov. 30, 2013, and Nov. 30, 2014, respectively.


-Rachel Gantz, rgantz@opisnet.com


Copyright, Oil Price Information Service