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2020 Renewable Volume Obligations
According to the RFS and its modification through the Energy Independence and Security Act of 2007 (EISA), refiners should comply with annual volumetric targets for renewable fuels. These fuels have specific volume quotas every year and greenhouse gas (GHG) reduction requirements. They are divided in to four categories:
    •Renewable biofuel (should achieve a 20% life cycle GHG emissions reduction)
    •Biomass-based diesel (life cycle GHG emissions reduction of 50%)
    •Cellulosic biofuel (life cycle GHG emissions reduction of 60%); and
    •Advanced biofuel (life cycle GHG emissions reduction of 50%)
EPA must convert those volume targets into total compliance obligations or renewable volume obligations (RVOs) that obligated parties must meet every year. RVOs are the percen
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2020 Renewable Volume Obligations