Senators Chuck Grassley (IA) and Amy Klobuchar (MN) are leading a bipartisan group of 16 senators in urging the Environmental Protection Agency to restore integrity to the Renewable Fuel Standard. They want the agency to raise the Renewable Volume Obligation (RVO) levels for biomass-based diesel and advanced biofuels to help restore stability and growth to the U.S. biofuel sector.
The Biden-era EPA set RVOs at levels that failed to align with market conditions and production outlook, which has contributed to biodiesel plant closures in the Midwest. In a letter to EPA Administrator Lee Zeldin, the senators pressed the agency to implement multi-year RVO standards to provide more clarity and growth for the biofuels industry. “The biofuels market continues expanding to new frontiers, including marine shipping, aviation, and rail,” the letter says. “Biofuels provide a buffer to market fluctuations in the liquid fuel market, consistently costing consumers less than traditional liquid fuels.”
-NAFB