Corn ethanol was given a reprieve today when the Environmental Protection Agency (EPA) announced its proposed rule for implementation of the Renewable Fuels Standard or RFS2 that includes calculations of all greenhouse gas emissions (GHG) for all fuels. The RFS was signed into law as part of the Energy and Independence Act of 2007 which limits the maximum amount of corn ethanol to 15 billion gallons of the required 36 billion gallons by 2022.

There was palpable concern among corn ethanol proponents leading up to the ruling due to the controversy surrounding Indirect Land Use as well as the passing of the Low Carbon Fuel Standard (LCFS) last week by the California Air Resources Board (CARB), which was not favorable for corn ethanol.

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