Regulatory Update

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Low Carbon Fuel Standard RICP Program – What’s Next?

The Refinery Investment Credit Program (“RICP”) provisions of the California Low Carbon Fuel Standard (LCFS) (regulated under Title 17 CCR 95489(e)) allow refineries in California to generate credits by undertaking GHG reduction projects at their facilities. Although fuel pathways provide the primary avenue for credit generation within the LCFS, fuel producers can also generate credits with project-based crediting.

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