WASHINGTON, D.C. (RFD NEWS) — Progress is moving forward on the Renewable Fuel Standard as the Environmental Protection Agency has officially submitted its long-awaited proposal to set new Renewable Volume Obligations to the White House for review.
The rule, which was first released in draft form last June, is now under review by the Office of Management and Budget, a key step before the volumes can be finalized. The move is being welcomed by many across agriculture and the renewable fuels industry, who say timely action is critical for market certainty.
Kurt Kovarik with Clean Fuels Alliance America joined us on Monday’s Market Day Report to discuss what the proposal could mean for both farmers and U.S. energy independence.
In his interview with RFD NEWS, Kovarik said the Renewable Fuel Standard continues to play a vital role in creating demand for domestically produced feedstocks while strengthening the nation’s renewable energy supply. He also emphasized the urgency of completing the OMB review, noting that delays create uncertainty for producers, processors, and fuel markets. Industry groups are hopeful the rule can be finalized before the end of March to provide clarity heading into the next compliance years.
Looking ahead, Kovarik said the long-term benefits of a finalized rule include stronger, value-added domestic markets for U.S. oilseeds and other agricultural feedstocks, as well as continued growth in renewable fuels as part of America’s energy strategy.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
