refining

The Environmental Protection Agency’s (EPA) new biofuels production targets announced last week are unachievable and “bewildering” given already high fuel costs, according to leading refinery industry players.

In the renewable fuel standard (RFS) rule unveiled on Friday, the EPA established a total renewable fuel goal for 2022 at 20.63 billion gallons. The agency also set a cellulosic biofuel goal at 0.63 billion gallons; a goal for biomass-based diesel at 2.76 billion gallons; and an advanced biofuel goal at 5.63 billion gallons.