ACE says blend wall media reports are incomplete and misleading

In Washington, Ron Lamberty, senior vice president for the American Coalition for Ethanol has called media reports that the “blend wall” cost refiners approximately $1.35 billion last year “incomplete and misleading.” A recent Reuters article said that was the amount nine companies paid for renewable identification number (RINs), which are credits refiners provide to EPA to prove they bought the amount of renewable fuels required by law. RINs are free to refiners who blend biofuels, while refiners who choose not to blend biofuels can buy RINs from companies that blend more than the law requires.