It could make the U.S. the biggest export market for canola, said Jim Everson, president of the Canola Council of Canada.
The EPA saidd canola oil meets the greenhouse gas emission reduction threshold of 50 percent required to qualify for advanced biofuel renewable identification numbers under the U.S. Renewable Fuel Standard.
The proposed rule is open for comment until May 18. A final rule is expected to be published in July.
“It’s really, really, very good news,” said Everson.