What is RFS2?
A.: A new RFS, known as RFS2, was enacted into law beginning in 2008 with the 2007 Energy Independence and Security Act (EISA), and signed by President Bush on December 19, 2007. RFS2 nearly doubled the 2008 value to 7.76%, or 9.0 BGY, and increases the mandated volume on an increasing schedule to 36 billion gallons per year by 2022. The Renewable Fuel Standard for 2009 is 10.21%. This standard is used by obligated parties — refiners, importers and blenders (other than oxygen blenders) — to calculate their renewable volume obligation.
