Biofuel usage requirements delayed
The Biden administration has delayed setting renewable volume obligations (RVOs) for 2021 and 2022 as the country’s biofuel and petroleum industries continue to spar over the future of the Renewable Fuel Standard (RFS), according to a report last week by Reuters.
Under the RFS, petroleum refiners are required to blend biofuels into their fuel mix or buy tradable credits, known as RINs, from those that...
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