On November 30, the U.S. Environmental Protection Agency (“EPA”) announced the final quotas for how much refiners must blend gasoline and diesel under the RFS.
For 2018 the quotas are:
CELLULOSIC BIOFUELS = 288 million gallons
BIO-MASS BASED DIESEL= 2.1 billion gallons
ADVANCED BIOFUEL= 4.29 billion gallons
RENEWABLE FUEL= 19.29 billion gallons
The RFS program was created under the Energy Policy Act of 2005 and expanded by the Energy Independence and Security Act of 2007. EPA implements the program in consultation with U.S. Department of Agriculture and the Department of Energy. The RFS program is a national policy that requires a certain volume of renewable fuel to replace or reduce the quantity of petroleum-based transportation fuel, heating oil or jet fuel.
For more information on the announcement, go to: https://www.epa.gov/renewable-fuel-standard-program/2017-announcements-renewable-fuel-standard