RFS2 - Energy Independence and Security Act of 2007
On Dec 19th, 2007 the President signed the Energy Independence and Security Act. Here is a link to the overview and the full text.
• RFS2 Overview
• Full text
Renewable Fuel Standard Implementation Information
6/23/08
• NBB comments on the RFS waiver
5/21/08
U.S. EPA issued a Federal Register notice today, opening a 30-day public comment period on Texas Gov. Rick Perry's (R) request to temporarily waive the nationwide renewable fuels standard (RFS).
In his late April request, Perry asked for a one-year waiver of half of the corn-based requirement. For 2008, the RFS requires at least 9 billion gallons of corn-based ethanol and in 2009, the requirement increases to 10.5 billion gallons.
• RFS Texas Notice
• RFS Texas Letter |
• IMPORTANT CLARIFICATION: RIN Generation--Required Formula to be Used When Standardizing Biodiesel Volumes
• NBB’s Letter Summarizing RINs, Sept. 07 Biodiesel Magazine
Final regulations implementing the national Renewable Fuel Standard have been completed and the program will start September 1, 2007.
Biodiesel is included as an eligible renewable fuel for purposes of compliance by obligated parties. As such, biodiesel producers will have certain compliance requirements starting September 1st including: registration/reporting/documenting.
Understanding and meeting the compliance requirements of the RFS Program will be extremely important. EPA has developed a website specific to the Renewable Fuel Standard Program containing the final regulations, as well as Q&A documents to assist you in meeting your compliance requirements. The following link will take you directly to this section of the EPA website: http://www.epa.gov/otaq/renewablefuels/.
On July 11th, NBB hosted a RFS Implementation webinar during which EPA made presentations regarding the requirements that biodiesel producers and marketers will need to meet. Those presentations include:
- Overview RFS Program Requirements
- Registration, Reporting, and Recordkeeping Requirements
- How You Report
- Compliance and Enforcement
NBB staff has also prepared additional fact sheets for NBB Members with specific information focusing on biodiesel producer and marketer requirements under the RFS Program; as well as RINs. These fact sheets can be accessed in the Members’ Only Website under “Federal Regulatory”.
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