Late last week, the Environmental Protection Agency finalized 2022 Renewable Volume Obligations. For 2022, the final RVOs are 20.63 billion gallons, slightly lower than what EPA initially proposed at the end of last year. The 2022 total includes 15 billion gallons for ethanol. Advanced biofuels make up 5.63 billion gallons for the year. “We think these are strong volume metric requirements, consistent with the law,” said Geoff Cooper, CEO, Renewable Fuels Association. EPA also finalized the delayed 2021 volumes at 18.85 billion gallons, higher than the initial proposed volumes. “Much closer to where it should have been.” The 2020 RVOs are unchanged from the proposal of 17.1 billion gallons. Up next, the EPA is expected to release the proposed 2023 RVOs. “What will be different this time around we think is EPA will propose several years at a time,” says Cooper. “For example 2023 through 2025. We hope to see those numbers soon and that EPA can finalize this by the end of the year.”
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