EPA rule could alter RIN retirement schedule for small refineries
May 18, 2022
BY Erin Voegele
The U.S. EPA on May 17 submitted a proposed rule to the White House Office of Management and Budget that aims to create an alternative renewable identification number (RIN) retirement schedule for small refineries under the Renewable Fuel Standard. OMB review marks a final step before a proposed rule is released for public comment.
The proposed rule was not included in the OMB’s most recent unified agenda, and the OMB did not post a summary indicating the specific provisions contained within the proposed rule. The EPA did not immediately respond to a request for additional information on the proposed rule.
Advertisement
The proposed rule is separate from the final rule to set 2021 and 2022 RFS renewable volume obligations (RVOs), which has been under OMB review since April 29 and is expected to be issued before a June 3 deadline established via a consent decree approved by the U.S. District Court for the District of Columbia on April 22. That RVO rule may also retroactively alter the existing 2020 RFS RVOs.
Additional information on the proposed RIN retirement schedule rule is available on the OMB website.
Advertisement
Related Stories
Reps. Mike Carey, R-Ohio, and Mariannette Miller-Meeks, R-Iowa, on May 1 introduced legislation that aims to retroactively extend the biodiesel blenders tax credit (BTC) and the second-generation biofuel producer tax credit.
Canada-based Imperial Oil Ltd. on May 2 confirmed that construction on the renewable diesel facility at its Strathcona refinery near Edmonton, Alberta, will be complete during Q2. The project is expected to begin operations in mid-2025.
A new study commissioned by Clean Fuels Alliance America shows the U.S. biomass-based diesel industry generated $42.4 billion in economic activity in 2024, supported 107,400 jobs and paid $6 billion in annual wages.
A broad coalition representing more than 350 trucking fleets, shippers, and supporters of freight movement is urging Congress to extend the biodiesel blenders’ tax credit to lower supply chain costs and protect consumers from inflationary pressures.
BWC Terminals on April 22 celebrated the official completion of its expanded renewable fuels terminal at the Port of Stockton. The facility is designed to safely and efficiently transfer renewable diesel and biodiesel from marine vessels.
Upcoming Events
