Platts has updated 2024 cellulosic biofuel RVO percentage, June 17

Platts, part of S&P Global Commodity Insights, has updated the cellulosic biofuel percentage (D3) mandate for its calculated values of the US Renewable Volume Obligation for compliance year 2024, effective June 17, 2025.

The update follows the Environmental Protection Agency's partial waiver of the 2024 cellulosic biofuel volume requirement published June 13, 2025.

The updated percentage for the 2024 D3 percentage is 0.59%, down from the initially stated 0.63% by the EPA .

The update is in line with Platts methodology, as these renewable fuels are mandated by the EPA and hence subject to change without prior notice, Platts will update its RVO formulas at anytime. When such changes are set forth by the EPA, Platts will inform the market of the changes in the formulas through subscriber notes.

Platts welcomes all feedback and questions to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.