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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) Credit generation in 2000 through 2003.
(1) Credits may be generated in 2000 through 2003 under § 80.305 by refiners who produce gasoline from crude oil, and are:
(i) Refiners who establish a sulfur baseline under § 80.295 for a refinery;
(ii) Foreign refiners for refineries with an approved baseline under § 80.94, or refineries with baselines established in accordance with § 80.290(d); or
(2) Importers and oxygenate blenders may not generate credits under § 80.305.
(b) Credit generation beginning in 2004.
(1) Credits may be generated beginning in 2004 under § 80.310 by:
(i) Refiners for any refinery, and importers subject to the standards under § 80.195;
(ii) Refiners and importers of gasoline designated as GPA gasoline under § 80.219, using the least of 150.00 ppm, or the refinery's or importer's 1997–98 baseline calculated under § 80.295 plus 30.00 ppm, or the refinery's lowest annual average sulfur level for any year from 2000 through 2003 during which the refinery generated credits or allotments plus 30.00 ppm (for any party generating credits under both paragraphs (b)(1)(i) of this section and this paragraph (b)(1)(ii), such credits must be calculated separately); or
(2) Generation of credits under § 80.310 for all imported gasoline shall be through the importer.
(3) Oxygenate blenders may not generate credits under § 80.310.
Cite this article: FindLaw.com - Code of Federal Regulations Title 40. Protection of Environment § 40.80.285 Who may generate credits under the ABT program? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-40-protection-of-environment/cfr-sect-40-80-285/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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