Groups like Clean Fuels Alliance and the American Soybean Association applauded representatives from California and Iowa for introducing the bipartisan Renewable Fuel for Ocean-Going Vessels Act. The act designates renewable fuel used in ocean-going vessels as an “additional renewable fuel” (similar to jet fuel) under the Renewable Fuel Standard. This enables companies to preserve Renewable Identification Number credits in the program.
“International shipping companies and cruise lines are increasingly looking for low-carbon biodiesel to meet climate goals and consumer demand,” says Kurt Kovarik, Vice President of Federal Affairs for Clean Fuels. “This will remove a regulatory roadblock and enable biodiesel and renewable diesel producers to meet the low-carbon fuel needs of shipping companies at a competitive price.”
American Soybean Association President Daryl Cates applauds the effort to acknowledge marine vessels as a new and exciting market opportunity for agriculture. The RFS originally excluded fuels in ocean-going vessels from blending obligations.
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