March 9, 2017
BY Ron Kotrba
U.S. EPA has granted Genscape Inc. an extension to respond to the agency’s Jan. 4 notice of intent to revoke the company’s ability to verify renewable identification number (RIN) credits as a third-party auditor under the Renewable Fuel Standard Quality Assurance Program. Genscape now has until April 18 to respond to EPA.
EPA stated this action of revocation is being pursued to hold Genscape accountable for failing to meet all elements of its approved QAP plan, and for verifying millions of RINs that were fraudulently generated by Gen-X Energy Group Inc. and Southern Resources and Commodities LLC.
The agency will evaluate Genscape’s submission and make a determination “no sooner than May 18” on a course of action that could ultimately revoke Genscape’s registration and QAP-A—the more costly QAP program option that applied to the interim period before EPA finalized the QAP rule and did away with A and B options.
At the same time, EPA will also determine the applicability of the RIN replacement cap (40 C.F.R. 80.147(d)), which, by statute, does not apply “when invalid verified RINs are a result of auditor error, omission, negligence, fraud or collusion with the renewable fuel producer, or a failure to implement the QAP properly or fully.”
Advertisement
Advertisement
EPA stated it is working separately with Genscape to address its compliance with 40 C.F.R. 80.1470(c), the cap on RIN replacement for independent third-party auditors of A-RINs, which would be 2 percent for A-RINs generated during the interim period.
For additional information and background on this story, click here.
Advertisement
Advertisement
CoBank’s latest quarterly research report, released July 10, highlights current uncertainty around the implementation of three biofuel policies, RFS RVOs, small refinery exemptions (SREs) and the 45Z clean fuels production tax credit.
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.
The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.
President Trump on July 4 signed the “One Big Beautiful Bill Act.” The legislation extends and updates the 45Z credit and revives a tax credit benefiting small biodiesel producers but repeals several other bioenergy-related tax incentives.
CARB on June 27 announced amendments to the state’s LCFS regulations will take effect beginning on July 1. The amended regulations were approved by the agency in November 2024, but implementation was delayed due to regulatory clarity issues.