The EPA announced a rulemaking Thursday proposing biofuel blending volume requirements for refiners for 2023-2025. The rulemaking also proposes new regulations covering the generation of renewable electricity made from renewable biomass that is used for transportation fuel in electric vehicles.Its rulemaking proposes the creation of an"eRIN" program, which derives its name from the RFS's existing regime of"Renewable Identification Numbers" for compliance.
The agency said it expects the incentive to use qualifying renewable electricity in electric vehicles"would, in turn, incentivize increased vehicle electrification that would continue to allow for increased generation of qualifying renewable electricity," and proposed implementing the program beginning in 2024.Biden has urged U.S. oil refiners to increase their capacity to manufacture gasoline, as limited capacity has constrained retail fuel markets and helped to drive prices higher.
The EPA said it's seeking comment on how its rulemaking rule"can intersect with continued viability of domestic oil refining assets, including merchant refineries," as well as how best to support emerging fuels like sustainable aviation fuels and hydrogen generated from non-emitting sources of electricity.
The EPA said its proposal would improve U.S. energy security and enable the reduction in oil imports by some 160,000 to 180,000 barrels of oil per year between 2023 and 2025.
GEVO
Great. More competition for farmland. More near term release of CO2, more water use for processing, and decades to become carbon neutral. Great policy.🙄
Y B LEEVE UMARYKUN’Z NEA’D 2 BIY .. ELEKTRYCK VEHYKLE’Z… LYKE YEZSTERDEY… NOO MOUWR GAZSSOLYNE POUWER’D… ENGYNE’Z.. 🚍🚔🛻🛺
Sounds good on paper, just like the rest of the Democrats ideas, that don't work
America endangered by no reserves?
Meanwhile, Elon Musk is losing advertisers and tweeting his brains out while the really big automakers come after Tesla's market share.