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

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Required To Meet the Obligation?<br />

1. What Gasoline Is Used To Calculate The Volume Of <strong>Renewable</strong> <strong>Fuel</strong> Required<br />

To Meet A Party’s Obligation?<br />

2. Who Is Required To Meet The <strong>Renewable</strong> <strong><strong>Fuel</strong>s</strong> Obligation?<br />

3. What Exemptions Are Available Under The RFS Program?<br />

a. Small Refinery <strong>and</strong> Small Refiner Exemption<br />

b. General Hardship Exemption<br />

c. Temporary Exemption Based On Unforeseen Circumstances<br />

4. What Are The Opt-in And State Waiver Provisions Under The RFS Program?<br />

a. Opt-in Provisions For Noncontiguous States And Territories<br />

b. State Waiver Provisions<br />

D. How Do Obligated Parties Comply With The St<strong>and</strong>ard?<br />

1. Why Use <strong>Renewable</strong> Identification Numbers?<br />

a. RINs Serve The Purpose Of A Credit Trading Program<br />

b. Alternative Approach To Tracking Batches<br />

2. Generating RINs And Assigning Them To Batches<br />

a. Form Of <strong>Renewable</strong> Identification Numbers<br />

b. Generating Extra-Value RINs<br />

c. Cases In Which RINs Are Not Generated<br />

3. Calculating And Reporting Compliance<br />

a. Using RINs To Meet The St<strong>and</strong>ard<br />

b. Valid Life Of RINs<br />

c. Cap On RIN Use To Address Rollover<br />

d. Deficit Carryovers<br />

4. Provisions For Exporters Of <strong>Renewable</strong> <strong>Fuel</strong><br />

5. How Would The Agency Verify Compliance?<br />

E. How Are RINs Distributed And Traded?<br />

1. Distribution Of RINs With Batches Of <strong>Renewable</strong> <strong>Fuel</strong><br />

a. Responsibilities Of <strong>Renewable</strong> <strong>Fuel</strong> Producers And Importers<br />

b. Responsibilities Of Parties That Buy, Sell, Or H<strong>and</strong>le <strong>Renewable</strong> <strong><strong>Fuel</strong>s</strong><br />

i. Batch splits<br />

ii. Batch mergers<br />

2. Separation Of RINs From Batches<br />

3. Distribution Of Separated RINs<br />

4. Alternative Approaches To RIN Distribution<br />

a. Producer With Direct Transfer Of RINs<br />

b. Producer With Open RIN Market<br />

c. First Purchaser<br />

d. Owner At Time Of Blending<br />

e. Blender At Time Of Blending<br />

IV. Registration, Recordkeeping, And Reporting Requirements<br />

A. Introduction<br />

B. Requirements for Obligated Parties <strong>and</strong> Exporters <strong>of</strong> <strong>Renewable</strong> <strong><strong>Fuel</strong>s</strong><br />

1. Registration<br />

2. Reporting<br />

3. Recordkeeping<br />

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