The Renewable Fuel Standard volumes for 2023, 2024 and 2025 are below the Environmental Protection Agency’s original proposal for corn-based ethanol and advanced biofuels. These volumes are one-third of what the biofuels industry recommended to the agency. EPA released a statement saying the new standards will reduce the reliance on foreign sources of oil by roughly 130,000 barrels per day between 2023 and 2025. “Today’s final rule reflects our efforts to ensure stability of the program for years to come, protect consumers from high fuel costs, strengthen the rural economy, support domestic production of cleaner fuels and help reduce greenhouse gas emissions,” said EPA Administrator Michael Regan.
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