Greater Richmond Transit System Beaconbid #RFP-2026-0002

RIN Generation and Monetization Services for GRTC Transit System CNG Fuel Use

This opportunity involves the GRTC Transit System seeking expert services to generate and monetize Renewable Identification Numbers (RINs) for its compressed natural gas (CNG) fuel use under the EPA's Renewable Fuel Standard (RFS): - Government Buyer: - GRTC Transit System (local transit agency) - Products/Services Requested: - Comprehensive services for evaluation, registration, generation, management, and monetization of RINs tied to CNG consumption - Implementation of a book-and-claim methodology to pair GRTC’s fossil CNG use with Renewable Natural Gas (RNG) injected elsewhere, enabling D3 RIN generation - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Unique or Notable Requirements: - Program must not require physical changes to fueling infrastructure, gas contracts, or fleet operations - Focus on maximizing RIN value through regulatory compliance and market expertise - Place of Performance: - GRTC Transit System, Richmond, VA - Period of Performance: - Not specified in the notice

Description

GRTC Transit System is seeking proposals from qualified firms to evaluate, register, generate, manage, and monetize Renewable Identification Numbers (RINs) related to the agency's compressed natural gas (CNG) consumption under the federal Renewable Fuel Standard. The contractor will implement a RIN credit generation and monetization program without requiring physical changes to fueling infrastructure or fleet operations. The program uses a book-and-claim methodology pairing fossil CNG consumption with Renewable Natural Gas injected into the pipeline system to generate qualifying D3 RINs.

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