Today (Friday) is when historically the Environmental Protection Agency would release it’s final Renewable Fuel Standard proposal. However, thanks to other changes pending in the rule, the EPA said earlier this week that the agency would review comments, and will seek to finish the rule this winter.
The comment period for the proposed changes regarding small refinery exemptions closes today (Friday), which effectively puts the final rule on hold until the proposal is finalized.
Corn and ethanol groups were busy earlier this week submitting comments to the EPA. Many say the proposal breaks a promise by President Donald Trump to make up for all lost demand created by the exemptions. The industry says more than four billion gallons of demand for biofuels has been lost due to retroactive small refinery exemptions for compliance years 2015 through 2018.
National Corn Growers Association President Kevin Ross of Iowa states, “The proposed rule fails to provide the assurance needed that EPA’s practices for granting waivers will change going forward.”