The Environmental Protection Agency (EPA) proposes to partially waive the 2024 cellulosic biofuel volume requirement in the Renewable Fuel Standard (RFS) program due to a shortfall in its production. The plan suggests reducing the requirement to 0.88 billion Renewable Identification Numbers (RINs) from the initial 1.09 billion. Additionally, the proposal requests feedback on whether to consider this reduction using both the general and cellulosic waiver authorities. The EPA also aims to extend the compliance deadline to accommodate refiners and blenders adjusting to revised requirements and proposes minor revisions to regulations regarding biogas in the RFS program.
Simple Explanation
The EPA wants to change some rules because there's not enough special biofuel being made. They plan to lower the amount needed and give more time to meet the new rules.