Each summer, the Environmental Protection Agency (EPA) issues a proposal governing how much renewable energy should be available to consumers in the year ahead. These targets are called Renewable Volume Obligations (RVOs) and they determine how many gallons of biofuel refiners will add to the motor fuel mix. After a proposal is issued, the agency then accepts comments from the public before issuing a final rule making under the RFS.
Renewable Identification Numbers (RINs) allow refiners and fuel importers to track each gallon of biofuel and demonstrate compliance with the law.
When Congress enacted the RFS targets, lawmakers set specific, near-term goals for the consumption of biofuels. After 2022, the EPA is required to continue setting targets guided by specific procedures and pro-growth guidelines laid out by Congress, similar to the procedure used today for setting RVOs for biomass-based diesel.
Strong annual targets for biofuel consumption remain vital to consumers, biofuel producers, and rural communities that depend on the RFS to drive economic growth. Across the heartland, a global crop surplus has pushed down farm incomes, threatening to stall the entire rural economy. The RFS provides policymakers a proven tool to harness America’s abundant renewable energy and revitalize rural growth.
WASHINGTON, DC – Growth Energy, the nation’s largest ethanol association, today called on the Environmental Protection Agency (EPA) to uphold the president’s commitment to farmers and biofuel workers by fixing a flawed proposed supplemental rule on 2020 biofuel targets under the Renewable Fuel Standard (RFS). In formal comments to the agency, Growth Energy calls on […]
WASHINGTON, DC – Today, the U.S. Environmental Protection Agency released its supplemental proposal to the proposed 2020 renewable volume obligations. Growth Energy CEO Emily Skor issued the following statement: “It is unconscionable that EPA’s proposal betrays President Trump’s promise to rural America. A week ago, Administrator Wheeler personally took to the airwaves and promised Iowa farmers that he would […]
WASHINGTON, D.C. – Today, Growth Energy CEO Emily Skor submitted written comments on the Internal Revenue Service’s (IRS) proposed regulations under section 45Q, a performance-based tax credit for carbon capture projects. In her letter, Skor called on the agency to offer credit for carbon dioxide captured for food and beverage purposes, which would promote investment […]
This week in our “Conversations with Biofuels Champions” summer video series, our CEO Emily Skor visited with one of our top champs in the House of Representatives: U.S. Congresswoman Cheri Bustos of Illinois. Born in Springfield, Illinois, Congresswoman Cheri Bustos comes from a long line of farmers and teachers and a deep appreciation for being […]
CEO @GrowthEnergy tells IRS how #ethanol plants can lead the way on #carbon capture https://t.co/xiHAipVJpI
As @RepCheri Bustos says here, the biofuels industry has a cascading effect on agriculture — it promotes strong supply chains and multiplies rural economic output. Abuse of the Renewable Fuel Standard through refinery exemptions only serves to harm the ag economy. https://t.co/pvW7P4yZ4F
The future of fuel — increased engine performance, lowering our carbon footprint, and eliminating toxic fuel additives — is already here. At @EESI's Clean Energy Expo, Growth Energy SVP of Regulatory Affairs Chris Bliley laid out the benefits that expanding ethanol can bring. https://t.co/aW5v9A4prB
In a letter to the IRS, GE CEO @EmilySkor proposes applying the 45Q performance based carbon tax credit to carbon capture projects at ethanol plants as a way to incentivize and expand their further use. Biofuel producers are ready to do more! See the letter here: https://t.co/MtEDPF0jKy