RIN prices slide to two-year lows on potential 15% biodiesel blending cut

In Washington, RIN prices for advanced biofuels and biodiesel are sliding on the back of the Environmental Protection Agency’s public consultation regarding a potential 15% cut to biodiesel blending volumes for 2018 and 2019. Platts reported that prices had hit a two-year low. The EPA says that without Argentine biodiesel imports, biodiesel prices will be too high so the volumetric mandate needs to be reduced. Biodiesel producers are protesting the potential change strongly as would-be increased demand would disappear.