2017 Renewable Volume Obligations Go into Effect Today
WASHINGTON, DC — In November 2016, the Environmental Protection Agency (EPA) set the final 2017 Renewable Volume Obligations (RVOs) for conventional biofuel at a level of 15 billion gallons under the Renewable Fuel Standard (RFS). The 2017 RVO rule aligned with bipartisan Congressional intent to increase the amount of transportation fuel that comes from renewable sources. President Trump issued a regulatory freeze memorandum in January to give his administration the opportunity to review a host of regulations before they were implemented, including the 2017 RVO rule. Today, the 2017 RVOs go into effect. In response to this positive news, Growth Energy CEO Emily Skor issued the following statement:
“In November 2016, Growth Energy was pleased to see the Environmental Protection Agency’s (EPA) final Renewable Volume Obligation (RVO) rule achieve the 15-billion-gallon statutory volume for conventional biofuel that Congress originally intended. The Renewable Fuel Standard (RFS) is America’s most successful energy policy, and it continues to guarantee competition and consumer choice in the vehicle fuels marketplace, while also lowering prices at the pump and reducing harmful emissions. Strong RVOs are integral to a robust RFS, the vibrancy of rural America, and the continued value that ethanol brings to drivers across the United States.
“We look forward to continued collaboration with the EPA, Administrator Pruitt, and the Trump Administration to ensure that the biofuels industry continues to thrive, and that rural America remains vibrant and strong.”