In a few short months, the EPA will release new renewable fuel standards, including how much ethanol should be blended into gasoline.
Currently, the EPA has set the blend rate at a minimum of 10 percent.
Bob Dinneen, president and CEO of the Renewable Fuels Association says he’s optimistic the EPA will break down the barrier.
“Recent data from EIA [U.S. Energy Information Administration] says we’re already blending at a 10.4 percent rate,” said Dinneen. “That tells me there is a lot of E85 and E15 that’s being blended. API [American Petroleum Institute]’s notion that we cannot possibly blend more than 9.7 percent is nonsense.”
The EPA released the proposed 2017 Renewable Volume Obligation earlier this year, calling for 18.8 billion gallons, verses 18.11 billion gallons in 2016.
While it’s an increase, it is still well-below the statute Congress set in 2007 for 2017.