The Renewable Fuel Standard (RFS) renewable volume obligations (RVOs) issued by the Environmental Protection Agency (EPA) provide percentage standards applied to the initial mandated forecast at that time of release.
The percentage standards translate into volumes based on the estimated consumption forecast. The actual RVOs become known over time, but use the same percentage standards applied to the original mandate, which created the initial volume expectations.
The original RVO forecast called for 21.54 billion gallons of renewable fuel to be blended into the United States transportation fuel pool.
The mandate required the blending of 1.09 billion gallons of cellulosic fuel, 3.04 billion gallons of biomass-based diesel (BBD) and 6.54 billion gallons of advanced biofuel. Additionally, it had an implied conventional renewable fuel mandate — commonly referred to as the ethanol mandate — of 15 billion gallons.
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09.13.2024
Haffner Energy to spin off SAF division as independent company
French-based technology company Haffner Energy will spin off its sustainable aviation fuel (SAF) division into an independent entity called SAF Zero, the company announced on Friday September 13.
09.13.2024
Animal fats and oils markets end week stable to lower as SBO, HO continues decline
Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the...
09.13.2024
Lackluster trade volume keeps most animal proteins flat
A quiet tone was noted by most market sources in the US animal proteins market for the week to Friday September 13. The only price adjustments were on bloodmeal,...