« Reading list on Energy | Main | EPA releases RFS rules »
March 4, 2006
EPA releases RFS rules
The EPA: Renewable Fuel - OTAQ - EPA released guidelines for meeting the national RFS earlier this year. Some states, including Washington are implementing their own due to the lack of real enforcement in the Federal RFS. It is clear that the 2.78% RFS for 2006 will be totally met with current Ethanol production. See the EPA comment:
"In addition to meeting the need for clarity in the limited timeframe available, we believe that the collective approach to compliance for 2006 is reasonable given our expectation that the default standard will be met on a collective basis in 2006 even without imposition of any RFS obligations. Estimates from the U.S. Department of Agriculture and Department of Energy project total ethanol production for 2006 to be above 4.0 billion gallons, which also meets the 2.78 percent default standard. The Renewable Fuel Association has also indicated that total ethanol production capacity already exceeds 4 billion gallons and that additional production capacity currently under construction exceeds 1.2 billion gallons. If the default standard is not met on a collective basis for 2006, a deficit carryover provision will allow for make-up of any shortfall by adjusting the applicable collective industry standard in 2007 commensurately."
It is also clear from this that they are looking at ethanol refining capacity and not really purchases. I doubt the national RFS will impact the Biodiesel business this year.
Posted by Martin at March 4, 2006 1:15 PM
Trackback Pings
TrackBack URL for this entry:
http://www.nwventurevoice.com/cgi-bin/mt-tb.cgi/2301
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)