The U.S. Environmental Protection Agency (EPA) published a final Renewable Fuel Standard for 2017 that boosts the amount of ethanol blended into traditional fuels to the levels first intended by statute.
The EPA announced the 2017 renewable volume obligations (RVOs) last Wednesday, and set the corn ethanol levels for 2017 at 15 billion gallons. The EPA had initially proposed a 14.8 billion gallon RVO earlier this year, and the final rule finally brings the RVO for corn ethanol in line with levels first envisioned by Congress when it enacted the program.
AEM President Dennis Slater issued the following statement in reaction to the rule:
“The equipment manufacturing industry welcomes news that the Renewable Fuel Standard (RFS) will return in 2017 to levels first intended by Congress.
“The Environmental Protection Agency’s final renewable volume obligations (RVOs) for 2017 will help promote American energy independence and the strength of our nation’s farm economy. We are also heartened that the EPA abandoned its use of dubious waivers that had held back expansion of the Renewable Fuel Standard.
“Ethanol isn’t just an important contributor to the success of America’s farmers and, in turn, manufacturers of farm equipment; ethanol is also central to promoting U.S. energy independence and the health of the overall economy. The new administration should take note of the success of the RFS, and help to preserve and expand this important program.”