On September 28, the Superior Biofuels Affiliation’s President, Michael McAdams, mentioned the Renewable Gas Normal (RFS) at a coverage panel in the course of the 15th Annual OPIS RFS, RINs, & Biofuel Discussion board. On the biofuels aspect, McAdams was joined by Renewable Fuels Affiliation President and CEO Geoff Cooper, and representing conventional gas corporations was American Petroleum Institute VP of Downstream Coverage Will Hupman and American Gas and Petrochemical Producers Senior VP of Authorities Relations and Coverage Geoff Moody. Expectations for the occasion have been excessive, with the convention calling it the “most anticipated RFS dialogue of the 12 months.”
This 12 months’s dialogue was well timed given the EPA’s Renewable Quantity Obligation (RVO) ruling in June as a part of its first ever “set” course of. Throughout the panel, McAdams emphasised superior biofuels’ potential to lower carbon emissions throughout all areas of the transpiration sector. He additionally added that, with an ever-increasing urgency to lower emissions, a technology-neutral, all-of-the-above carbon discount technique is required to realize America’s local weather ambitions.
“Frequent sense carbon discount is the dialog we must be having, and that’s going to take off after 2024,” stated McAdams on the panel.
The Renewable Gas Normal has already helped develop the home manufacturing of low-carbon, sustainable fuels from 343 million gallons in 2010 to over 2.3 billion gallons right this moment. The choice to broaden RVOs for 2023-2025 is an thrilling step in the precise course and can result in extra funding in applied sciences confirmed to cut back carbon emissions.
Describing these developments, McAdams said: “There are various new revolutionary applied sciences coming on-line far past what was initially contemplated within the 2007 RFS invoice which can be going to extend volumes and carbon reductions for many years to come back.”
As McAdams has beforehand mentioned, the present RVOs nonetheless undervalue America’s superior biofuels sector’s manufacturing capability. The superior biofuels business is prepared and keen to play a vital position in emission reductions, however they want a extra supportive RFS to make lasting reductions.
