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Search resuls for: "Stephanie Kelly Jarrett Renshaw"


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[1/2] Choices at the gas pump including ethanol or no ethanol gas are seen in Des Moines, Iowa, U.S., January 29, 2020. The U.S. Environmental Protection Agency plans to finalize biofuel blending volumes at 20.94 billion gallons in 2023, 21.54 billion gallons in 2024 and 22.33 billion gallons in 2025, the sources said. That compares with the initial proposal announced in December of 20.82 billion in 2023, 21.87 billion in 2024, and 22.68 billion in 2025. But the finalized volumes include just 15 billion gallons of conventional biofuels like corn-based ethanol in all three years, plus a 250 million-gallon supplemental amount for 2023, the sources said. Ethanol producers and corn farmers like the mandates because they provide a market for their products, while the oil industry finds the requirements too pricey.
Persons: Brian Snyder, Biden, Emily Skor, Stephanie Kelly, Jarrett Renshaw, Matthew Lewis Organizations: REUTERS, Reuters, The, Environmental Protection Agency, Congress, Growth Energy, EPA, U.S . Renewable, EV, Thomson Locations: Des Moines , Iowa, U.S, The U.S, New York, Philadelphia
NEW YORK, June 13 (Reuters) - The U.S. Environmental Protection Agency is expected to release a final rule on biofuel blending volume mandates for the years 2023-2025 by June 21, after seeking a one-week extension on a deadline for the rule, according to a court document on Tuesday. The EPA was set to issue a final rule by Wednesday under a court-ordered deadline, but has agreed to an extension with industry trade group Growth Energy, the filing showed. The final rule is set to mark a new chapter of the Renewable Fuel Standard (RFS) program, which is more than a decade old. The EPA is expected to abandon that part of the proposal in the final rule, Reuters previously reported, citing sources. It is unclear whether those requirements will change in the final rule.
Persons: Stephanie Kelly, Jarrett Renshaw, Paul Simao, Barbara Lewis Organizations: YORK, Environmental Protection Agency, EPA, Growth Energy, Reuters, U.S, District of Columbia, Renewable, Thomson
REUTERS/Kevin Lamarque/File PhotoNEW YORK, May 1 (Reuters) - The U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan, two sources familiar with the matter said. Most credits generated under the RFS are for blending liquid fuels such as ethanol made from corn into gasoline. Adding credits for power generated from renewable gas and then used for charging EVs would take the program in a new direction. The EPA initially proposed adding EVs to the program when it outlined the mandates for blending biofuels for 2023-2025. The delay in finalizing the EV credit program may mean more volume is available for other renewable fuel pools under the 2023-2025 mandate, including blending for renewable diesel and sustainable aviation fuel (SAF).
The Environmental Protection Agency (EPA) last year recommended adding EVs to the U.S. Renewable Fuel Standard (RFS), which incentivizes oil refiners to blend biofuels. The EPA under the Biden administration is now testing the legal limits of the liquid fuel program by extending it to EVs. The EPA has proposed granting EV manufacturers tradable credits based on the amount of renewable electricity that makes it on the grid. Renewable gas producers and EV manufacturers like Tesla have been jockeying to gain the most benefits from the new credits. The November proposal foresaw EV manufacturers could generate as many as 600 million credits in 2024 and 1.2 billion of them by 2025.
The EPA is expected to announce multiple years of renewable fuel obligations, Reuters has previously reported. The agency is also expected to include in the announcement a request for comment for provisions regarding electricity use under the law, the U.S. Renewable Fuel Standard (RFS), the sources said. Under the RFS, oil refiners are required to blend billions of gallons of biofuels into the nation's fuel mix, or buy tradeable credits from those that do. Reuters previously reported that the EPA is expected to propose that electric vehicles be eligible for renewable fuel credits, according to sources. Earlier this year, the EPA set biofuel blending mandates for 2022 at 20.63 billion gallons and retroactive volume mandates for 2021 at 18.84 billion gallons and for 2020 at 17.13 billion gallons.
NEW YORK, Nov 10 (Reuters) - A Republican U.S. senator plans to submit federal legislation with the support of a major oil industry trade group that would expand national sales of E15, a higher ethanol-gasoline blend. If the bill passed, it would be a win for U.S. corn farmers and the ethanol industry. The governors' proposal raised oil industry concerns about fuel supplies. The bill would represent just the latest push to win nationwide, year-round sales. A federal appeals court last year struck down the Trump's administration approval of year-round E15 sales, arguing it did not have the authority.
The move to expand sales of E15 would be a win for the ethanol industry, which wants to increase sales of the corn-based fuel and which argues the product would reduce gasoline prices by expanding the volume of available supply. However, critics of the idea - including those in the refining industry - have voiced concerns that a piecemeal approach to growing E15 sales could introduce logistical distribution challenges. The EPA could start seeking comment as soon as this month, said the sources. In April, governors from major corn-producing Midwestern states including Iowa, Nebraska and Illinois requested that the EPA effectively lift the ban in their states. The biofuel industry has faced legal hurdles in expanding U.S. E15 sales in the past.
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