Wednesday, April 24, 2024
HomeAg NewsBill Further Expands Future Biofuel Usage

Bill Further Expands Future Biofuel Usage

Senators Sherrod Brown (D-OH) and Pete Ricketts (R-NE) introduced the bipartisan “Renewable Fuels for Ocean-Going Vessels Act.”

It will help open new markets for U.S. farmers by encouraging the use of biofuels using homegrown farm products for ships and ocean-going vessels. It will specifically expand markets for American-made biofuels by ensuring that renewable fuels used in ocean-going vessels would be eligible for a renewable fuel credit available for other biofuels. The legislation preserves Renewable Identification Numbers (RINs) under the Renewable Fuel Standard program when the fuel is used in oceangoing vessels. The RFS currently excludes “fuels used in ocean-going vessels” from the definition of transportation fuels and from refiners’ and blenders’ obligations.

Refiners and blenders are required to retire RINs from any biodiesel and renewable diesel used in vessels with Class 3 engines operating in international waters, including the Great Lakes. The bill is widely supported by multiple agricultural groups.

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