Page 8 - Render Aug.23
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Vi
ew from Washington
By Tyson Redpath, The Russell Group
Final RFS Volumes Set Through 2025
A for the next three years. The so-called “set” rule under mandated volumes laid out in the statute of the 2007 Energy
details on the biomass-based diesel and other biofuel volumes column on page 32.
disappointment with the revised numbers arguing the increases fall far short of the announced expansion in capacity
all proposed changes to include renewable identification number (RIN) credits generated from electric vehicles (EVs). The RIN-gallon equivalents for EVs proved to be a bridge too
6 August 2023 Render
and uncertainty surrounding small refinery exemptions by small refineries arguing the costs of RINs placed an undue burden of disproportionate economic hardship on volumes had been set contributed to enormous compliance unpredictability and constantly change program rules.
closely monitor the price of RINs and be more vigilant considering severe economic harm waivers if those prices
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