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EIA: Market prices for RFS credits are falling

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By U.S. Energy Information Administration

October 24, 2023

Policy

The prices of ethanol (D6) and biomass-based diesel (D4) RIN credits—the compliance mechanism used for the Renewable Fuel Standard program administered by the U.S. EPA—each fell by more than one third between Sept. 1 and Oct. 16, U.S. EIA data shows.

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The U.S. EPA on Oct. 19 released updated SRE data, reporting that no new SRE petitions have been filed under the RFS during the past month. Three SRE petitions remain pending, including two for compliance year 2018 and one for compliance year 2022.

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The U.K. government’s Trade Remedies Authority on Oct. 5 announced it has launched a transition review into countervailing measures on biodiesel imported from Argentina. The review aims to assess whether the measures still serve the U.K.’s needs.

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U.S. EPA Administrator Michael Regan on Oct. 10 announced his selections for membership of the Science Advisory Board and Clean Air Scientific Advisory Committee. SAB and CASAC provide scientific advice to EPA leadership.

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The Surface Transportation Board on Sept. 26 announced that it intends to renew the charter of the Rail Energy Transportation Advisory Committee, which provides guidance on the rail transport of energy resources, including biofuels.

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The U.S. EPA on Aug. 21 released data indicating nearly 2.04 billion RINs were generated under the RFS in August, up from 1.84 billion generated in August 2022. Total RIN generation for the first eight months of the year reached nearly 15.45 billion.

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The U.S. EPA on Sept. 21 released updated small refinery exemption (SRE) data, reporting that one new SRE petition has been filed under the Renewable Fuel Standard over the past month. Three SRE petitions are now pending.

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It’s Time for Flex Fuel Fairness

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By Geoff Cooper

September 20, 2023

Geoff Cooper, president and CEO of the RFA, discusses how U.S. EPA regulations have caused the number of flex-fuel vehicles (FFVs) capable of running E85 to plummet in recent years, from 2.8 million in 2014 to less than 350,000 in 2022.

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The U.S. EPA has indicated its intent to further strengthen program controls and integrate its information system to manage fraud potential in the RFS in response to recommendations made by the agency's Office of Inspector General.

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President Joe Biden on Sept. 9 joined leaders of India, Argentina, Brazil, Italy, Mauritius and the United Arab Emirates to launch the Global Biofuels Alliance. The launch took place on the sidelines of the G20 Summit in New Delhi.

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Members of the European Parliament (MEPs) on Sept. 13 approved a new law that ramps up requirements for sustainable aviation fuel (SAF) within the European Union but sets limits on what types of feedstocks that fuel can be made from.

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The USDA on Aug. 30 awarded $266 million to 1,334 renewable energy and energy efficiency projects under the Rural Energy for America Program. Two of the awards will support projects at biodiesel plants.

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Iowa official encourages fuel retailers to apply for renewable fuel infrastructure grants

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By Iowa Department of Agriculture and Land Stewardship

September 05, 2023

Iowa Secretary of Agriculture Mike Naig is encouraging Iowa fuel retailers to apply for cost-share grants through the Iowa Renewable Fuels Infrastructure Program to upgrade fueling systems and provide consumers with greater access to higher biofuel blends.

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Iowa solicits applications for biofuel infrastructure funding

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By Iowa Department of Agriculture and Land Stewardship

September 05, 2023

Iowa Secretary of Agriculture Mike Naig is encouraging Iowa fuel retailers to apply for cost-share grants through the Iowa Renewable Fuels Infrastructure Program to upgrade fueling systems and increase access to higher biofuel blends.

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Growth Energy: EPA is right to deny SREs

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By Growth Energy

August 30, 2023

Growth Energy filed briefs to intervene in three cases in late August in support of the U.S. EPA and its decisions to deny SREs for refiners seeking to avoid complying with their blending obligations under the RFS.

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ACE’s 36th annual conference featured a panel of tax experts that explained enhancements to Sections 45, 45Q, 45V, 48 and the new Section 45Z of the Internal Revenue Code, and share insights on how to maximize on these incentives.

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Minnesota Department of Agriculture Commissioner Thom Petersen is encouraging the federal government to allow the U.S. DOE's GREET model to be used to calculate GHG reductions for the purposes of the SAF tax credit.

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A major farm show and state fair this week in two Midwest states will provide the backdrop for the Renewable Fuels Association’s latest push to see American-made, lower-carbon ethanol supported as a feedstock for sustainable aviation fuel (SAF).

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In a letter on Aug. 24 to U.S. EPA Administrator Michael Regan, the RFA blasted EPA’s Science Advisory Board for its recent report making “specious” and unfounded claims about corn ethanol’s impact on greenhouse gas emissions.

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California hit an important milestone in its shift away from polluting fuel sources, with clean fuels replacing over 50 percent of the diesel used in the state in the first quarter of 2023, according to the California Air Resources Board.

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The American Carbon Alliance on Aug. 23 sent a letter to Internal Revenue Service Commissioner Danny Werfel urging the U.S. Treasury Department to adopt the U.S. Department of Energy’s GREET model to calculate the GHG emissions impacts of SAF.

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Reps. Jasmine Crockett, D-Texas, and Max Miller, R-Ohio, on Aug. 18 introduced the Farm to Fuselage Act, legislation that aims to update the Farm Bill to facilitate increased domestic production of sustainable aviation fuel (SAF).

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Growth Energy filed a motion to intervene in the U.S. Court of Appeals for the Eleventh Circuit in response to the Hunt Refining Company’s lawsuit seeking to reverse the U.S. EPA’s decision to reject unwarranted SREs.

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The U.S. EPA’s Science Advisory Board is scheduled to discuss draft commentary on the agency’s recently finalized Renewable Fuel Standard “set” rule during a public meeting scheduled to be held Sept. 21-22 in Washington, D.C.

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The U.S. EPA's Science Advisory Board is scheduled to discuss draft commentary on the agency's recently finalized Renewable Fuel Standard “set� rule during a public meeting scheduled to be held Sept. 21-22 in Washington, D.C.

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More than 1.98 billion RINs were generated under the RFS in July, up from 1.71 billion generated during the same month of last year. Total RIN generation for the first seven months of 2023 reached 13.4 billion.

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The U.S. EPA published updated small refinery exemption (SRE) data on Aug. 17, reporting that no new SRE petitions have been filed under the Renewable Fuel Standard in the past month. Only two SRE petitions remain pending.

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The U.S. EPA published updated small refinery exemption (SRE) data on Aug. 17, reporting that no new SRE petitions have been filed under the Renewable Fuel Standard in the past month. Only two SRE petitions remain pending.

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The European Union on Aug. 17 opened an investigation into whether Indonesia has circumvented EU countervailing duties on imports of biodiesel originating in the country by routing the fuel through China and the U.K.

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The Surface Transportation Board is soliciting nominations to fill six vacancies on its Rail Energy Transportation Advisory Committee. One of those vacancies is to be filled by a biofuel producer or feedstock provider.

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