[NEWS] EPA Decision on Renewable Fuels Good News for Ethanol Industry
– by James Q. Lynch, November 24, 2017, Globe Gazette
The Environmental Protection Agency’s decision to deny attempts to change Renewable Fuel Standard rules is good news for the ethanol industry and fuel retailers who would have had to assume responsibility for blending ethanol with gasoline, according Iowa officials who opposed the changes.
“This is the right policy conclusion and I’m glad to see it happening,” Sen. Chuck Grassley said about the EPA decision announced Wednesday. “This decision puts the issue to bed, and certainty is so important. It’s a decision from the EPA that sides with the integrity of the RFS.”
Moving the point of obligation to blend ethanol with gasoline “from a handful of refiners to hundreds or thousands of small fuel retailers would undermine the integrity and viability” of the Renewable Fuel Standard, Grassley said. Refiners would have little incentive to produce the necessary fuel blends, which would make it difficult for fuel retailers to comply, he said.