Today, the U.S. Environmental Protection Agency (EPA) released the final Renewable Volume Obligations (RVOs) for the 2019 Renewable Fuel Standard (RFS). The EPA set a total renewable fuel blending obligation of 19.92 billion gallons next year, consisting of 4.92 billion gallons for advanced biofuel, 418 million gallons for cellulosic biofuel, and 15 billion gallons for conventional biofuel, which is expected to be made up of corn-starch ethanol volumes.
“The RFS is a fundamental driver of ethanol investment and demand in Nebraska,” said Sarah Caswell, Nebraska Ethanol Board administrator. “The policy provides vital value-added agriculture opportunities for the state’s farmers, producers and surrounding communities. We commend the EPA for issuing the timely and robust 2019 blending levels by the statutory deadline.
Nebraska producers are on the cutting edge of innovation leading to greater market opportunities for the production and use of ethanol and related technologies. Many Nebraska ethanol producers are adding improved enzymes and technologies to their existing processes and equipment to enable them to co-produce measurable volumes of both conventional corn-starch ethanol and cellulosic ethanol made from corn kernel fiber. The increase in cellulosic and advanced Renewable Volume Obligations for 2019 will help to further this progress.
We will continue to work with Nebraska’s strong biofuel policy champions, including Governor Pete Ricketts and Senator Deb Fischer, and other important Renewable Fuel Standard stakeholders to help maintain the stability of the policy. This includes working to ensure that any future small refinery waivers do not reduce ethanol volumes, which creates market destruction.”