August 19, 2024
BY Iowa Biodiesel Board
The Iowa Biodiesel Board and Iowa Soybean Association expressed disappointment and concern over the California Air Resources Board’s recently proposed amendments to its groundbreaking Low Carbon Fuel Standard. If adopted, these changes would impose caps on credits for soy- and canola-based biodiesel and renewable diesel.
Grant Kimberley, who serves as the senior director of market development for the Iowa Soybean Association and the executive director of the Iowa Biodiesel Board, issued the following statement:
“The proposed amendments introduced by CARB to significantly limit vegetable oil feedstocks and set onerous requirements for soybean oil are short-sighted and counterproductive to CARB’s goal of decarbonizing the fuel supply. Rather than further embracing biodiesel – a solution that is here today and already contributing greatly to cleaning up the California fuel supply – CARB chooses to inexplicably penalize biodiesel while waiting for future technology to take hold.
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"Without scientific justification, these proposed vegetable oil caps and additional sustainability requirements threaten to reverse the progress California has made in emissions reductions and destabilize the economics of renewable fuels nationwide. This is not only a bad precedent for California, but bad for other states following California’s lead, and harmful to Iowa and other states with strong biodiesel production and a thriving farm economy. Unlike petroleum, this proposal would penalize the many producers and farmers who have dedicated their livelihoods to a cleaner, more sustainable energy supply. We urge CARB to reconsider.”
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More than 1.76 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, down from 1.91 billion generated during the same period of 2024, according to data released by the U.S. EPA on Feb. 20.
The U.S. EPA on Feb. 20 released updated small refinery exemption (SRE) data showing that 13 previously denied SRE petitions for Renewable Fuel Standard compliance years 2021 and 2022 are being reconsidered. No new SRE petitions were filed.
A coalition of biofuel, agriculture, fuel retailer and petroleum trade groups on Feb. 19 sent a letter to U.S. EPA Administrator Lee Zeldin urging the agency to set robust, timely, multiyear RFS RVOs for 2026 and beyond.
CVR Energy Inc. released fourth quarter financial results on Feb. 18, reporting reduced renewable diesel production. The company also said it is pausing development of SAF capacity pending clarity on government subsidies.
CARB on Feb. 18 announced that amendments to its LCFS program that were approved in November 2024 have been put on hold following the California Office of Administrative Law’s decision to disapprove the amendments due to clarity issues.