U.S. Representatives Mariannette Miller-Meeks (IA-01) and John Garamendi (CA-08) introduced the “Renewable Fuel for Ocean-Going Vessels Act,” legislation that would allow companies to preserve RIN credits under the Renewable Fuel Standard (RFS) for renewable fuel used for ocean-going vessels.
ccording to Miller-Meeks, ocean-going cargo ships, tankers, and passenger vessels have a need for low-carbon, low-sulfur biodiesel and renewable diesel which provides an additional market for biofuels.
This legislation allows for RINs to be generated for renewable marine fuel without requiring an obligation on any parties. I thank my colleagues for supporting this legislation which opens the door for communities, like farmers in Iowa, to engage, and be involved, in the marine fuel industry and conversation.
“Reducing emissions from cargo vessels and cruise ships means cleaner air and healthier communities near our ports and working waterfronts. I am thrilled to introduce this new, bipartisan bill with Representatives Miller-Meeks, Gimenez, and Budzinski to support the global maritime industry’s transition to cleaner, renewable fuels,” said Garamendi.
As explained, this legislation will help expand the use of biomass-based diesel in oceangoing vessels, which makes biofuels a low-cost, home-grown solution for the air, land and sea, said Monte Shaw, Executive Director of Iowa Renewable Fuels Association (IRFA).
By some estimates, sustainable marine fuel is poised to cross 325 billion dollars by 2036, and it’s in everyone’s interest that soybean farmers and biodiesel producers capture some of that the value.
…said Suzanne Shirbroun, Iowa Soybean Association (ISA) President and a soybean farmer from Farmersburg, Iowa.
“International shipping companies and cruise lines are increasingly seeking low-carbon biodiesel and renewable diesel to meet climate goals and consumer demand,” said Kurt Kovarik, Vice President of Federal Affairs for Clean Fuels.