Environmental Protection Agency Chief Gina McCarthy said the volumetric requirements for the final Renewable Fuel Standard (RFS) may end up higher than the proposal issued last year amid climbing gasoline use, Bloomberg has reported.
Speaking at an investor’s conference in New York, McCarthy said the 2014 RFS is due to be released soon, but declined to outline specific figures, Bloomberg said.
EPA sent the 2014 RFS to the Office of Management and Budget (OMB) on Aug. 22. This marks the last round of reviews before the proposed rule becomes final. It is unknown how long the rule will remain at OMB, but last year the agency took just over 30 days to send final targets back to EPA.
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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