The Environmental Protection Agency is close to finalizing the 2014 volumetric requirements for the final Renewable Fuel Standard, according to published reports.
Representatives of the Obama Administration say release of the rule is imminent, although EPA has yet to send the rule over to the White House Office of Management and Budget (OMB) for review.
There continues to be much conjecture over what the final rule will look like.
Sen. Al Franken (D-Minn.) told reporters July 24 after a meeting with White House adviser John Podesta that he has been led to believe the numbers will be higher, Bloomberg Government reported. “I believe coming out this meeting we will see a rise,” Franken said. Sen. Franken met with the Obama Administration to encourage EPA to increase the proposed levels.
The National Biodiesel Board, however, continues to say it believes the 2014 levels will lowered.
EPA in November lowered the ethanol mandate and set reduced levels for other biofuels in 2014. The reductions were seen as a recognition on the agency’s part that fuel consumption has declined over the last several years and that today’s fuel infrastructure is not able to handle ethanol blends greater than E-10.
For the first time, rather than establishing a specific target for the biofuels fuels, the agency established a range of acceptable levels of the fuels to be blended in the nation's fuel supply.
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