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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(2) The refiner or importer who used the invalid RINs, <strong>and</strong> any transferor <strong>of</strong> the<br />
invalid RINs, must adjust their records, reports, <strong>and</strong> compliance calculations as<br />
necessary to reflect the deletion <strong>of</strong> invalid RINs.<br />
(3) Any valid RINs remaining after deleting invalid RINs, <strong>and</strong> after an obligated<br />
party applies valid RINs as needed to meet the RVO at the end <strong>of</strong> the compliance<br />
year, must first be applied to correct the invalid transfers before the transferor<br />
trades or banks the RINs.<br />
(4) In the event that the same RIN is transferred to two or more parties, the RIN will<br />
be deemed to be invalid, <strong>and</strong> any party to any transfer <strong>of</strong> the invalid RIN will be<br />
deemed liable for any violations arising from the transfer or use <strong>of</strong> the invalid<br />
RIN.<br />
(5) A RIN will not be deemed invalid where it can be determined that the RIN was<br />
properly created <strong>and</strong> transferred.<br />
§§ 80.1132-80.1140 [Reserved]<br />
§ 80.1141 Small refinery exemption.<br />
(a) (1) Pursuant to §80.1107(d), gasoline produced by a refiner at a small refinery<br />
is qualified for an exemption from the renewable fuels st<strong>and</strong>ards <strong>of</strong> §80.1105 if<br />
that refinery meets the definition <strong>of</strong> a small refinery under §80.1101(i) for<br />
calendar year 2004.<br />
(2) This exemption shall apply through December 31, 2010, unless a refiner chooses<br />
to opt-in to the program requirements <strong>of</strong> this subpart (per paragraph (g) <strong>of</strong> this<br />
section) prior to this date.<br />
(b) (1) To apply for an exemption under this section, a refiner must submit an<br />
application to EPA containing the following information:<br />
(i) The annual average aggregate daily crude oil throughput for the period January 1,<br />
2004, through December 31, 2004 (as determined by dividing the aggregate<br />
throughput for the calendar year by the number 365);<br />
(ii) A letter signed by the president, chief operating or chief executive <strong>of</strong>ficer <strong>of</strong> the<br />
company, or his/her designee, stating that the information contained in the<br />
application is true to the best <strong>of</strong> his/her knowledge, <strong>and</strong> that the company owned<br />
the refinery as <strong>of</strong> January 1, 2006; <strong>and</strong><br />
(iii) Name, address, phone number, facsimile number, <strong>and</strong> E-mail address <strong>of</strong> a<br />
corporate contact person.<br />
(2) Applications must be submitted by September 1, 2007.<br />
(c) Within 60 days <strong>of</strong> EPA’s receipt <strong>of</strong> a refiner’s application for a small refinery<br />
exemption, EPA will notify the refiner if the exemption is not approved or <strong>of</strong> any<br />
deficiencies in the application. In the absence <strong>of</strong> such notification from EPA, the<br />
effective date <strong>of</strong> the small refinery exemption is 60 days from EPA’s receipt <strong>of</strong><br />
the refiner’s submission.<br />
(d) If EPA finds that a refiner provided false or inaccurate information on its<br />
application for a small refinery exemption, the exemption will be void ab initio<br />
upon notice from EPA.<br />
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