EPA plans to increase the amount of biofuel blending volumes for 2023 versus its proposed levels, but plans to reduce volumes in 2024 and 2025 compared to the proposals, two sources familiar with the matter told Reuters. EPA plans to finalize biofuel blending volumes at 20.94 billion gallons in 2023, 21.54 billion gallons in 2024 and 22.33 billion gallons in 2025.
The finalized volumes reportedly include 15 billion gallons of conventional biofuels like corn-based ethanol in 2023, 2024 and 2025, which represents a decline from the proposed level. In 2023, however, EPA plans to include 250 million gallons of “supplemental standard.”
OMB says its review of EPA’s proposals was completed last Friday. Reuters says EPA is expected to announce the final rule on Wednesday.
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