By Stephanie Kelly
NEW YORK, Dec 14 (Reuters) – The U.S. Environmental
Protection Agency is now aiming for Dec. 31 as the point by
which it will propose rules on the amount of biofuels refiners
must blend into their fuel mix next year, after missing a
deadline last month to release the proposal.
Under the adjusted timeline, the agency will aim to finalize
the rule on the so-called Renewable Volume Obligations in June
2021, according to the agency’s agenda on the Office of
Information and Regulatory Affairs’ website.
EPA is in charge of administering the U.S. Renewable Fuel
Standard, which requires refiners to blend billions of gallons
of biofuels into their fuel mix each year, or buy tradable
credits from those that do.
The regulation is a lightning rod of contention between the
corn industry, which supports it because it creates demand for
ethanol, and the refining industry, which opposes it because it
is costly and competes with traditional petroleum fuels.
The EPA missed a Nov. 30 deadline for issuing the
obligations this year, after the process was complicated by the
coronavirus pandemic and its economic fallout for the fuel
EPA did not immediately respond to a request for comment.
(Reporting by Stephanie Kelly; Editing by Sonya Hepinstall)
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