Impacts of 2014, 2015, and 2016 Renewable Fuel Standard Rules

摘要

On December 14, 2015 the U.S. Environmental Protection Agency (EPA) issued the final rules related to the RFS volume standards for 2014, 2015, and 2016. These are presented in Table 1 below. In the final rulemaking document EPA stressed that 2014 volumes were based on 2014 actual fuel demand volumes and 2015 volumes were based mostly on actual demand numbers with some reasonable predictions for the last months of the year. EPA has designed the 2016 RFS standards to encourage the growth of production and use of biofuels and as an initial step to drive greater E85 and perhaps E15 sales. For 2016, EPA acknowledges that they have selected volumes that are likely to drive the market to look for sources of D6 RINs that are beyond the E10 blendwall.