Saturday, 21 September 2019
Login |  Register 
 
Find Products or Services in your local community
 
MSC News National Headlines U.S Health Tech Talk World Business Sports Top Headlines
EPA Delivers On President Trump’s Promise
05/31/2019
 

Today, U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler signed the final action that would remove the key regulatory barrier to using gasoline blended with up to 15% ethanol (E15) during the summer driving season and reform the renewable identification number (RIN) compliance system under the Renewable Fuel Standard (RFS) program to increase transparency and deter price manipulation. Taken together, these steps follow through on the Trump Administration’s commitment to responsible environmental protection that promotes energy independence, regulatory reform, and increasing the use of biofuels to give consumers more choices, while supporting American farmers.

“Following President Trump’s directive, today’s action expands the market for biofuels and improves the RFS program by increasing transparency and reducing price manipulation,” said EPA Administrator Andrew Wheeler. “As President Trump promised, EPA is approving the year-round sale of E15 in time for summer driving season, giving drivers more choices at the pump.”

With today’s action, EPA is finalizing regulatory changes to apply the 1-psi Reid Vapor Pressure (RVP) waiver that currently applies to E10 during the summer months so that it applies to E15 as well. This removes a significant barrier to wider sales of E15 in the summer months, thus expanding the market for ethanol in transportation fuel.

EPA is also finalizing regulatory changes to reform certain elements of the RIN compliance system of the RFS program to increase transparency and deter price manipulation in the RIN market. The reforms include requirements for public disclosure if a party’s RIN holdings exceed certain thresholds and additional data collections to improve EPA market monitoring capability. These new reforms will also help EPA continue to gather the information needed to decide whether further action is needed to ensure stability in the RIN market.

To further strengthen confidence in the RFS program, EPA will soon sign a Memorandum of Understanding with the Internal Revenue Service to promote collaboration and support efforts to prevent against RIN and blender tax credit fraud.

More information is available here: https://www.epa.gov/renewable-fuel-standard-program/final-rulemaking-modifications-fuel-regulations-provide-flexibility

You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Horton hospital set for December auction
3 officers won't be charged in shooting
Thousands lost in Atchison burglary
Local thefts and burglaries spark investigation
Lancaster teen hurt in wreck
Plea entered in child solicitation case
More flooding likely along MO River
Three Wetmore residents injured in NW MO wreck
Self-inflicted shooting leads to prison
St. Joseph man enters plea in fatal boating accident
Click Here For All Stories

LATEST STORIES
Congressman Smith reps in Auburn and Falls City
Thousands lost in Atchison burglary
"City of Arts" designation sought
Local thefts and burglaries spark investigation
Grand opening scheduled for SCC Falls City Learning Center
Local domestic violence service provider granted funds
Hiawatha burglary suspect waives prelim hearing
Sunday liquor sales approved in Holton
Hiawatha Maple Leaf Festival Saturday
3 local lakes under health advisories
Click Here For All Stories

©2019 MSC News
Hiawatha, Ks 66434
EEO Public Report
KNZA - KLZA - KMZA - KTNC - KAIR
Powered by Radio Media Group
172.69.63.111