By Faith Parum
The Environmental Protection Agency (EPA) published a Notice of Proposed Rulemaking (NPRM) on June 13 to increase Renewable Fuel Standard (RFS) volumes. Renewable fuels are produced from feedstocks — raw materials such as corn, soybeans, used cooking oil, and animal fats.
The NPRM includes higher volume targets for advanced fuels like cellulosic biofuel, which is made from crop residue, and biomass-based diesel, which is derived from soybean oil or animal fats. The proposal would also limit the use of imported materials to generate Renewable Identification Numbers (RINs), which are credits used to track compliance with RFS requirements. This change is intended to make U.S.-grown crops more competitive.
Overall, the proposal would help preserve demand for American feedstocks and expand market opportunities for U.S. farmers. This Market Intel outlines the proposed changes to the Renewable Fuel Standard and examines their potential impact on agriculture.