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NBB: Delay in RFS volume decision creates uncertainty
Reports indicate EPA has put an indefinite hold on announcing the Renewable Volume Obligations under the RFS for 2021.
National Biodiesle Board CEO Donnell Rehagen says this creates uncertainty for the industry.
“That signals to our industry what to do next year,” he says. “Typically, that will come out around Memorial Day, but EPA has chosen not to release that and has indicated that it likely will not release it until after the election. All of these things create uncertainty and challenge our industry.”
Rehagen says biodiesel producers and farmers would be negatively impacted.
“We’re expecting the EPA will miss their own deadline of November 30 to get those finalized and it challenges the planning that needs to go into place for these volumes to be able to be met,” he says.
Biomass-based diesel volumes are set more than a year in advance to provide the industry the appropriate signals for investment and growth and the mid-year proposal provides transparency to refiners to plan compliance strategies.
Rehagen says the EPA should issue the annual rule as soon as possible.
Audio: Donnell Rehagen
