Small Business Review Panel Takes Up Renewable Fuels Proposal
Holman, Keith, The Small Business Advocate
The Office of Advocacy is reviewing the impact of a planned Environmental Protection Agency (EPA) rule on renewable fuels. The rule will require renewable fuels such as corn-based ethanol to be added to the nation's gasoline and diesel supplies. The review is being done through a Small Business Advocacy Review Panel, which EPA will convene on July 9.
In late 2007, Congress enacted the Energy Independence and Security Act. This law requires oil refiners to blend increasingly larger amounts of renewable fuels into gasoline and diesel each year, totaling 36 billion gallons of renewable fuels by 2022. Small refiners are concerned that some renewable fuels, such as those based on cellulose and biomass, may be difficult to obtain in sufficient quantities and may only be available at high prices. This could add to the price of fuel or drive small refiners out of business. The small business review panel is evaluating the likely impacts of the renewable fuel mandate and examining ways to make it easier for small refiners to come into compliance with the new requirements. …