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PBF considering $550M investment to convert idled refinery unit to renewable diesel production

Green Car Congress

The refinery’s parent company, PBF Energy, would make a $550-million capital investment to retrofit a hydrocracker unit—out of operation since 2010—with new technology to accommodate renewable diesel production. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

Renewable 186
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Forecast: US biodiesel production to surpass RFS target for second straight year

Green Car Congress

The US biodiesel industry is on pace to produce more than the 1.28 This growth is driven in large part by a $1-per-gallon production tax credit extended through the end of 2013 by the US Congress. Kerr, GlobalData’s Managing Analyst for Downstream Oil & Gas. billion gallons (4.8 billion gallons of renewable fuel.

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US indicts 7 individuals and 3 companies in alleged $100M biodiesel RINs fraud in Indiana

Green Car Congress

The 88 counts included in the three charging documents include allegations of conspiracy, wire fraud, false tax claims, false statements under the Clean Air Act, obstruction of justice, money laundering, and securities fraud. Because certain companies need RINs to comply with regulatory obligations, RINs have significant market value.

Indiana 239
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California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

Green Car Congress

In addition, although many experts say that the solution to our energy and climate problems is sending the correct price signals to industry and consumers, the transport sector’s behavior is highly inelastic in that it does not change significantly in response to changes in fuel prices, at least in the range that is politically acceptable.

2018 257
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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. The Cantwell-Collins plan is almost exactly what Mr. Obama proposed in the campaign and after first taking office–a 100 percent auction of permits and a large tax rebate to the public.

Gas 244