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Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 7/12/18
On June 26, 2018, the Environmental Protection Agency (EPA) published its proposed rule for establishing the volume obligations under the Renewable Fuels Standard (RFS) (EPA Proposed Rule). If finalized, the proposed rule would set the requirements for obligated parties to comply with the RFS for calendar year 2019, as well as the requirements for biomass-based diesel for calendar year 2020. On its face, the proposed rule and its obligations appear to be non-controversial and straightforward. Buried within the proposed rule, however, is a mechanism for potentially reducing the mandate below the statutory requirements and EPA’s stated obligations.
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