US to unveil proposal for implementing renewable fuel standard

Washington (Platts)--6Sep2006

The US Environmental Protection Agency will release Thursday a final
proposal for implementing the renewable fuel standard dictated by Congress
last year, William Wehrum, head the EPA's Office of Air and Radiation told a
Senate panel Wednesday.

The standard, passed by Congress, requires the use of 4 million gal of a
renewable fuel in fuel supplies nationwide in 2006 and 7.5 million gal by
2012. It also provides a credit trading program enabling refiners and
importers who exceed the allotted levels of renewables to sell credits to
parties which fail to meet their allotments.

Wehrum told the Senate Environmental and Public Works Committee that EPA
anticipates promulgating the final rule in early 2007. The agency has a
temporary program in place until it can get the final program implemented.

Organizations representing independent gasoline marketers and
convenience store operators earlier this summer had written the EPA opposing
provisions in a draft proposal implementing the renewable fuels standard.

But Wehrum said EPA had been working with all parties throughout the
summer, and "we believe the proposal will have broad" support from
stakeholders.

--Cathy Landry, cathy_landry@platts.com

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