S&P Global Platts begins publishing 2021 RVO

S&P Global Platts has begun publishing its calculated values of the US Renewable Volume Obligation for 2021, effective Nov. 20, 2020.

Platts is using the percentage mandates for 2020 compliance in its 2021 RVO calculation until the Environmental Protection Agency publishes 2021 mandates. The use of 2020 mandates for the 2021 calculation reflects market feedback on typical practices in the absence of updated obligations from the EPA.

The RVO is the aggregate cost of the Renewable Identification Number percentages per gallon of transportation fuel as the EPA mandated in the Renewable Fuel Standard Program (RFS2).

To align with typical market practices, Platts calculates these renewable credit values using the daily value of biomass-based diesel (D4), conventional biofuel (D6), advanced biofuel (D5) and cellulosic biofuel (D3) RIN credits as assessed by Platts for the respective RVO years.

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

Please send all questions and comments to americas_ags@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 market as confidential available upon request.