EPA could potentially allow ethanol exports to generate RINs

In Washington, Bloomberg reports that the Environmental Protection Agency is studying whether to allow ethanol exports to qualify for RIN generation, a move that would add another billion RINs to the market and weigh on their prices. Such a shift would make compliance with the Renewable Fuel Standard, easing the burden on refiners. Valero has been pushing for the move, arguing that RIN generation from exports would increase ethanol production. The additional RINs would decrease demand for higher blends such as E15 as well.