In a move that surprised biofuel industry analysts and sent soybean prices skyrocketing by 25 cents, the Environmental Protection Agency (EPA) announced Friday its highest ever volume requirements for American grown biofuels in the Renewable Fuel Standard (RFS).
EPA’s renewable volume obligations (RVOs) proposal applies to 2026 and 2027, stipulating that the nation’s refiners must blend 15 billion gallons of conventional biofuels into the nation’s fuel blend for each plan year, and prioritizes domestically produced renewable fuels over imports.
Michigan Farm Bureau Industry Relations Specialist Theresa Sisung said the improvements made in this proposal are very promising.
“Increasing renewable volume obligations and putting more of a focus on using domestically produced fuels are good news for farmers who will continue to provide feed, food and fuel to consumers,” she added.
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