Biden Administration Updates Renewable Fuel Volume Quotas

June 22, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The Environmental Protection Agency (EPA) has announced increased volume quota requirements for biodiesel and renewable fuel from 2023 to 2025 through the Renewable Fuel Standard (RFS) program, amid ongoing investment in related U.S. production plants. Industrial Info is tracking $63.3 billion worth of capital-spending projects to produce renewable fuels in the U.S, including biodiesel, of which nearly $27 billion have a medium-to-high probability (70-99%) of moving forward as planned.