The U.S. EPA released its final rule for Renewable Volume Obligations (RVO) under the Renewable Fuel Standard (RFS) Nov. 30, and the figures for biomass-based diesel are higher than the proposal released in May. The agency issued its biomass-based diesel RVO for years 2014-’17, while RVOs for all other categories-renewable fuel, advanced biofuels and cellulosic biofuels-were issued for 2014-’16.
The final RVOs for biomass-based diesel -which is largely biodiesel fuel – are 1.63 billion gallons for 2014, 1.73 billion gallons for 2015, 1.9 billion gallons for 2016, and 2 billion gallons for 2017. The proposal issued May 29 called for 1.63 billion gallons of biomass-based diesel for 2014, 1.7 billion gallons for 2015, 1.8 billion gallons for 2016 and 1.9 billion gallons for 2017.
Biodiesel producers are excited and encouraged by the higher biomass-based diesel volumes in the final RFS rule after the industry has suffered considerably for the past two years operating without a federal mandate. More information can be found here, and here