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L&T Infotech's SAP Certified solution - Fuel compliance management system (FCMS) gets successfully
implemented at US Oil & Gas major.
Major Oil & Gas company in US implemented FCMS, for efficiently and effectively managing RFS
(Renewable Fuel Standard) & LCFS (Low carbon Fuel Standard) compliance regulations. FCMS helps them submit
timely reports and comply to all the RFS and LCFS requirements.
Under Energy Policy Act of 2005, the U.S. Environmental Protection Agency (EPA) has established a national
renewable fuel program (the Renewable Fuel Standard Program, or RFS program). The program is designed to
encourage the blending of renewable fuels into motor vehicle fuel. These regulations set an annual renewable
fuel standard that requires collective compliance by refiners, blenders and importers of renewable fuel
additives.
FCMS allows organization to do transaction accounting for RF fuels and has comprehensive reporting capability
to comply with regulations as per EPA compliance requirements. It enables to manage, review and suggest
compliance decisions. It also gives business alerts for excessive RIN due for Expiry.
Low-carbon fuel standard mandate was enacted by California in 2007, with specific eligibility criteria
defined by the California Air Resources Board (CARB) in April 2009 and regulations in effect 2010. The
purpose of a low-carbon fuel standard is to reduce greenhouse gases (GHG) by reducing the carbon intensity
of transportation fuels used in California.
FCMS enables to complete all the transaction accounting processes related to RF and Petroleum fuel under
LCFS. Also system provides reports compatible with LRT, the reporting tool from CARB.
Key Features
RFS1 / RFS2
- Manage Renewable Identification Number (RIN) repository by tightly integrating related business processes
- Provides enterprise-wide dashboard to view RIN repository status
- Helps to manage, review and suggest EPA compliance & RIN trading decisions
- Generates comprehensive internal and EPA compliance reports (Quarterly & Yearly)
- Ability to distribute RIN certificate electronically
- Flexibility to handle exclusion of state or refineries from RFS compliance program
- RFS process level user & authorization management
- Built in flexibility to track & manage RIN based on D values
- Enable EPA's Moderated Transaction System (EMTS) Interface
LCFS
- Manage Carbon Intensity (CI) repository by integrating related business processes
- Provides enterprise-wide dashboard to view CI credit/debit status
- Helps to manage, review and suggest CARB compliance & CI Credit trading decisions
- Generates comprehensive internal and CARB compliance reports (Quarterly & Yearly)
- Ability to distribute CI certificate electronically
- Flexibility to include multiple states in to compliance program
- LCFS process level user & authorization management
- Gives LRT compatible XML output
Business Benefits
- Improve compliance reporting process
- Provides manual and automatic processing options for transactions
- Reporting per Regulatory Formats (quarterly / annually)
- Easy to interface with web based systems of compliance agencies
- EPA Moderated Transaction System (EMTS)
- LCFS Reporting Tool (LRT)
- Leveraging ERP assets - Powered by SAP NetWeaver
- Quick Implementation cycle Ready-to-go solution with minimum customization.
- Reduce costs through increased flexibility
- Reduce risk in compliance reporting
For more information, please Click Here
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