The Environmental Protection Agency has sent Renewable Fuel Standard volume obligations to the White House Office of Management and Budget. The White House is expected to complete its review of the proposed rule within the next 90 days for the 2018 RVO?s and the Biomass Based Diesel Volume for 2019, according to DTN-Progressive Farmer.
The deadline for the final rule is November 30th. Last year, the EPA proposal called for 14.8 billion gallons of corn ethanol, just shy of the 15 billion gallon target set by Congress.
The total RVO was finalized at 19.28 billion gallons. That included 4.28 billion gallons of advanced biofuel and 311 million gallons of cellulosic biofuel. That means the implied RVO for conventional biofuels including corn ethanol was set at 15 billion gallons.
