The U.S. Environmental Protection Agency proposed on Thursday increases in the amount of ethanol and other biofuels that oil refiners must blend into their fuel over the next three years.
have converted units at their refineries to produce renewable diesel to take advantage of growing demand and government subsidies.
While Congress set out specific goals through 2022, the law expands the EPA's authority for 2023 and beyond to change the way the RFS is administered. Starting next year, the agency has leeway to set multi-year mandates and make other changes. Advanced biofuel blending volume mandates in the EPA proposal will be set at 5.82 billion gallons in 2023, 6.62 billion gallons in 2024 and 7.43 billion gallons in 2025.The Renewable Fuels Association, a biofuels trade group, welcomed the proposal.
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