In New Jersey, PBF Energy plans to boost its RIN purchases this year to $160 million from $60 million last year because the company is about 400 million RINs short of its E10 requirement. Though the company complains that RINs are a hidden tax, the company plans to boost blending 75% of its gasoline with ethanol come the second half of the year, up from its current 50%.
Category: Fuels