EPA cuts RFS RVO in 2014 proposal
The U.S. EPA released its proposed rule for the 2014 renewable fuels standard (RFS) renewable volume obligation (RVO) on Nov. 15. If enacted as proposed, the rulemaking would reduce the 2014 RVO significantly, to levels below both statutory requirements and the RVO finalized for 2013. Industry trade groups and biofuel producers have expressed disappointment in the proposal.
The Biotechnology Industry Organization called the proposed rule flawed and vowed to make every effort to correct it. "The proposed rule…turns the logic of the RFS on its head and could significantly chill investments in advanced biofuels projects. We will focus over the immediate comment period on convincing the administration to right the course on this policy," said Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section.