Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 40 - Protection of Environment |
Chapter I - Environmental Protection Agency |
SubChapter C - Air Programs |
Part 80 - Regulation of Fuels and Fuel Additives |
Subpart O - Gasoline Sulfur |
§ 80.1605 - Deficit carryforward for refiners and importers.
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§ 80.1605 Deficit carryforward for refiners and importers.
(a) Deficit carryforward. A refiner or importer may exceed the annual average sulfur standard for a given calendar year, creating a compliance deficit, provided that, in the calendar year following the year the standard is not met, the refinery or importer -
(1) Achieves compliance with the annual average sulfur standard in § 80.1603(a)(1); and
(2) Uses additional sulfur credits sufficient to offset the compliance deficit of the previous year.
(b) The compliance deficit value shall be calculated in accordance with § 80.1603(f)(3).