July 20, 2023
BY Erin Krueger
Sen. Cynthia Lummis, R-Wyo., on July 19 introduced a bill that aims to alter the Renewable Fuel Standard by changing the way renewable identification number (RIN) compliance credits are generated and slashing the renewable volume obligations (RVOs) of small refiners.
A statement released by Lummis’ office indicates that the legislation, titled the Small Refinery Relief Act, was introduced in response to the U.S. EPA’s July 14 denial of 26 small refinery exemption (SRE) petitions.
The legislation would amend Section 201(o)(9) of the Clean Air Act, which is the portion of the RFS that focuses on small refineries, by adding language stating that for the purposes of complying with RFS RVOs, a small refinery would be allowed to generate 1.5 credits for each gallon of gasoline blended with ethanol and 2 credits for each gallon of diesel blended with biodiesel.
The bill would also require that the annual RVOs for a small refinery be calculated based on 50 percent of the facility’s annual gasoline production and 30 percent of its annual diesel production. Any blending in excess of the annual RVO for a small refinery would generate credits that that could be used for compliance or sale.
Advertisement
Advertisement
A full copy of the bill is available on Lummis’ website.
Advertisement
Advertisement
The U.S. Energy Information Administration maintained its forecast for 2025 and 2026 biodiesel, renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released July 8.
XCF Global Inc. on July 10 shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.
The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.