Regulation of Fuels and Fuel Additives: Renewable Fuel Standard ...
Regulation of Fuels and Fuel Additives: Renewable Fuel Standard ...
Regulation of Fuels and Fuel Additives: Renewable Fuel Standard ...
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gallons <strong>of</strong> renewable fuel each year, are not required to generate <strong>and</strong> assign RINs<br />
to batches <strong>of</strong> renewable fuel. Such producers <strong>and</strong> importers are also exempt from<br />
the registration, reporting, <strong>and</strong> recordkeeping requirements <strong>of</strong> §§80.1150-80.1152.<br />
However, for those producers <strong>and</strong> importers that voluntarily generate <strong>and</strong> assign<br />
RINs, all the requirements <strong>of</strong> this subpart apply.<br />
(c) Generation <strong>of</strong> RINs.<br />
(1) The producer or importer <strong>of</strong> a batch <strong>of</strong> renewable fuel must generate the RINs<br />
associated with that batch. However, a producer <strong>of</strong> a batch <strong>of</strong> renewable fuel for<br />
export is not required to generate a RIN for that batch if that producer is also the<br />
exporter <strong>and</strong> exports the renewable fuel.<br />
(2) A party generating a RIN shall specify the appropriate numerical values for each<br />
component <strong>of</strong> the RIN in accordance with the provisions <strong>of</strong> §80.1125 <strong>and</strong> this<br />
paragraph (c).<br />
(3) St<strong>and</strong>ard-value RINs shall be generated separately from extra-value RINs, <strong>and</strong><br />
distinguished from one another by the K component <strong>of</strong> the RIN.<br />
(4) When a st<strong>and</strong>ard-value batch-RIN or an extra-value batch-RIN is initially<br />
generated by a renewable fuel producer or importer, the value <strong>of</strong> SSSSSS in the<br />
batch-RIN shall be 000001 to represent the first gallon in the batch <strong>of</strong> renewable<br />
fuel.<br />
(5) Generation <strong>of</strong> st<strong>and</strong>ard-value batch-RINs.<br />
(i) Except as provided in paragraph (c)(5)(ii) <strong>of</strong> this section, a st<strong>and</strong>ard-value batch-<br />
RIN shall be generated to represent the gallons in a batch <strong>of</strong> renewable fuel. The<br />
value <strong>of</strong> EEEEEE when a batch-RIN is initially generated by a renewable fuel<br />
producer or importer shall be determined as follows:<br />
(A) For renewable fuels with an equivalence value <strong>of</strong> 1.0 or greater, the value <strong>of</strong><br />
EEEEEE shall be the st<strong>and</strong>ardized volume <strong>of</strong> the batch in gallons.<br />
(B) For renewable fuels with an equivalence value <strong>of</strong> less than 1.0, the value <strong>of</strong><br />
EEEEEE shall be the applicable volume, in gallons, calculated according to the<br />
following formula:<br />
Va = EV * Vs<br />
Where:<br />
Va = Applicable volume <strong>of</strong> renewable fuel, in gallons, for use in designating the value<br />
<strong>of</strong> EEEEEE.<br />
EV = Equivalence value for the renewable fuel per §80.1115.<br />
Vs = St<strong>and</strong>ardized volume <strong>of</strong> the batch <strong>of</strong> renewable fuel at 60 o F, in gallons.<br />
(ii) For biocrude-based renewable fuels, a st<strong>and</strong>ard-value batch-RIN shall be<br />
generated to represent the gallons <strong>of</strong> biocrude rather than the gallons <strong>of</strong> renewable<br />
fuel. The value <strong>of</strong> EEEEEE shall be the st<strong>and</strong>ardized volume <strong>of</strong> the biocrude in<br />
gallons.<br />
(6) Generation <strong>of</strong> extra-value batch-RINs.<br />
(i) Extra-value batch-RINs may be generated for renewable fuels having an<br />
equivalence value greater than 1.0.<br />
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