Platts updates 2026 RVO assessment, effective March 2, 2026

Platts, part of S&P Global Energy, has updated its 2026 Renewable Volume Obligation (RVO) weightings (RVOY026 and RVOR002 ) using the Environmental Protection Agency's (EPA) Proposed Renewable Fuel Standards for 2026 with 2025 Annual Energy Outlook (AEO) considering November small refineries exemptions (SRE) and the updated adjustment factor, effective March 2, 2026.

The EPA's latest proposal calculates the percentages using the 2023 AEO . The EPA acknowledged their intent to use updated projection from AEO 2025, also considering new gasoline and diesel projection adjustment factors. On Sept. 18, the EPA submitted a proposal for 2026 and 2027 RVO, addressing the reallocation of SRE granted on Aug. 22. However, the proposal included 50% and 100% reallocation, with comments open to other percentages.

The RVO calculation is subject to change, as the final rule has not been released. However, the EPA has stated its intention to release the final rule at the end of March, and as per Platts methodology, RVO formulas may be updated when the EPA makes such changes.

Platts previously proposed to use 2025 AEO and the proposed standards for 2026, assuming a 50% reallocation for small refinery exceptions, and maintaining the same adjustment factors, available here.

Feedback suggested to include SRE's decisions granted in November 2025, as the final rule will take November SRE's into consideration. In addition, following market feedback, Platts has also included the updated adjustment factors found here. Platts decision was communicated here Feb. 19.

Therefore, Platts has updated the RVO percentages using 2025 AEO, the proposed standards for 2026, including SRE's granted in November, and the updated adjustment factor assuming a 50% reallocation for SREs.

RVO weightings are as follows:

Therefore, Platts calculates the 2026 RVO in cents/gal using the following formula, considering new percentages:

RVO = 8.98 % ( D6) + 0.36 % (D5) + 4.21% (D4) + 0. 77 % (D3)

Platts publishes current-year RVO ( RVOR002) in the Platts Biofuelscan, LatinWire, USMarketWire, Fuel Ethanol Report and Biomass-Based Diesel Report.

Symbols also appear on Platts Alert pages PBF10, 201, 210, 301, and 310, and PGA, PFR 28, 164,165, 310, 330, 331, 350, 351, 410, 411, 430, 431, 450, 451, 481.

Please send all feedback, comments, or questions to platts_biofuels@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.