The 2012 Renewable Fuels Standard Volume requirements were released yesterday by the Environmental Protection Agency, just about a month after its deadline. The Energy Independence and Security Act signed into law in 2007 established the RFS targets.
For the 2012 FRS-2 program, the requirement is to blend more than 1.25 billion gallons of renewable fuels over the amount mandated for 2011. The total RFS volume requirement for 2012 being 15.2 billion gallons. Biomass-based diesel will account for 1.0 billion gallons of the total RFS mandate, advanced biofuels will constitute 2.0 billion gallons and cellulosic biofuels will account for 8.65 million gallons.
RFS specifies at least a 1.0 billion gallon requirement for biomass-based diesel for 2013 and beyond, this year the requirement reaches over. EPA is allowed to increase the volume required after consideration of a variety of environmental, market and energy-related factors.
The RFS target steadily increases to an overall level of 36 billion gallons in 2022.