Regulation of Fuels and Fuel Additives: Renewable Fuel Standard ...

(a) (1) Any party that exports any amount of renewable fuel shall acquire
sufficient RINs to offset a Renewable Volume Obligation representing the
exported renewable fuel.
(2) Only exporters located in the applicable region described in §80.1126(a) are
subject to the requirements of this section.
(b) Renewable Volume Obligations. An exporter of renewable fuel shall determine
its Renewable Volume Obligation from the volumes of the batches exported.
(1) A renewable fuel exporter's total Renewable Volume Obligation shall be
calculated according to the following formula:
RVOi = ∑(VOLk * EVk) + Di-1
Where:
k = Batch.
RVOi = The Renewable Volume Obligation for the exporter for calendar year i, in gallons
of renewable fuel.
VOLk = The standardized volume of batch k of exported renewable fuel, in gallons.
EVk = The equivalence value for batch k.
Di-1
= Renewable fuel deficit carryover from the previous year, in gallons.
(2) (i) For exported batches of renewable fuel that have assigned RINs, the
equivalence value may be determined from the RR component of the RIN.
(ii) If a batch of renewable fuel does not have assigned RINs but its equivalence value
may nevertheless be determined pursuant to §80.1115(d) based on its
composition, then the appropriate equivalence value shall be used in the
calculation of the exporter's Renewable Volume Obligation.
(iii) If the equivalence value for a batch of renewable fuel cannot be determined, the
value of EVk shall be 1.0.
(3) If the exporter of a batch of renewable fuel is also the producer of that batch, and
no RIN was generated to represent that batch, then the volume of that batch shall
be excluded from the calculation of the Renewable Volume Obligation.
(c) Each exporter of renewable fuel must demonstrate compliance with its RVO using
RINs it has acquired pursuant to §80.1127.
§ 80.1131 Treatment of invalid RINs.
(a) Invalid RINs. An invalid RIN is a RIN that:
(1) Is a duplicate of a valid RIN;
(2) Was based on volumes that have not been standardized to 60 °F;
(3) Has expired;
(4) Was based on an incorrect equivalence value; or
(5) Was otherwise improperly generated.
(b) In the case of RINs that have been determined to be invalid, the following
provisions apply:
(1) Invalid RINs cannot be used to achieve compliance with the transferee’s
Renewable Volume Obligation, regardless of the transferee’s good faith belief
that the RINs were valid.
- 217 -