Calls for EPA to revise 2014-2016 renewable volume obligations to more accurately reflect the production capabilities of the biofuels industry.
For Immediate Release – July 27, 2015
Washington, D.C. - Today, the American Council On Renewable Energy (ACORE) submitted comments to the U.S. Environment Protection Agency (EPA) on the agency’s proposed 2014-2016 renewable volume obligations under the Renewable Fuel Standard (RFS).
ACORE is calling for modest increases to the proposed renewable volume obligations (RVOs) for advanced biofuels and biodiesel, and expresses serious concerns about the EPA’s proposed RVOs, which remain well below the production capabilities of the biofuels industry.
“The EPA’s current proposed renewable volume obligations do not accurately reflect the capabilities of the U.S. renewable fuels industry,” said Jeramy Shays, ACORE’s Director of Transportation. “Congress enacted the RFS with ambitious targets that spur investment, innovation and commercial development. The biofuel industry is capable of meeting higher total renewable fuel production levels. EPA’s interpretation of ‘inadequate domestic supply’ is contrary to statutory intent and redefines the RFS program to one based on demand rather than on the ability to supply our fuel system.”
ACORE’s comments note that, by enacting the RFS with a large bipartisan majority, Congress intended to annually increase market access and demand for renewable fuels, thereby incentivizing investment in and development of these fuels. ACORE claims that EPA’s continued reliance on the “blend wall” – a false assessment about available infrastructure – as a justification for waiver authority weakens our country’s most comprehensive renewable energy policy, jeopardizes thousands of well-paying jobs, and threatens our environment and public health
ACORE’s comments were compiled with input from its renewable fuels member companies. The expertise of these industry leaders ensured that ACORE’s comments were informed by the market and accurately addressed all of the issues posed by EPA’s proposal. These members include POET, Imperium Renewables, the Iogen Corporation, Algenol Biofuels, Kilpatrick Townsend & Stockton LLP, Lanzatech, and Westar Trade Resources.
ACORE’s Senior Vice President and Chief Strategy Officer, Todd Foley, was thankful for the input provided by ACORE’s members. “Our members were an invaluable resource for the organization throughout this process. Their wealth of experience made sure that our comments were informed by the facts-on-the-ground. There’s no question that the industry is prepared to meet the renewable volume obligations as called for by Congress, which are higher than the ones currently proposed.”
POET’s Vice President of Corporate Affairs, Doug Berven, was one of the members of the industry working group that advised ACORE throughout the development of these comments. “The U.S. renewable fuels industry has invested billions of dollars to ensure that it could meet the renewable volume obligations originally enacted by Congress. The EPA’s decision to slash those obligations is akin to pulling the rug out from under the feet of a crucial American industry. The intense policy uncertainty that the industry has faced in recent years has had a chilling effect on future investment and job creation. Hopefully the agency will take the important next step of aligning the 2014-2016 renewable volume obligations more closely with the industry’s production abilities.”
The EPA expects to finalize its Renewable Fuel Standard 2014-2016 renewable volume obligations by November 30th, 2015.
ACORE’s comments can be read online here.
ACORE, a 501(c)(3) non-profit membership organization, is dedicated to building a secure and prosperous America with clean, renewable energy. ACORE seeks to advance renewable energy through finance, policy, technology, and market development and is concentrating its member focus in 2015 on National Defense & Security, Power Generation & Infrastructure, and Transportation. Additional information is available at www.acore.org.
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