Tag: RIN

RFA Asks EPA to Separate Year-Round E15 Provisions from RIN Reform Measures

RFA Asks EPA to Separate Year-Round E15 Provisions from RIN Reform Measures

January 19, 2019 |

In Washington, D.C., with the government shutdown threatening to further delay approval of year-round sales of E15 (gasoline containing 15% ethanol), the Renewable Fuels Association is urging the Environmental Protection Agency to focus strictly on year-round E15 provisions in its forthcoming proposed rule and address RIN reform measures in a separate action. President Trump announced […]

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The Problem of Invalidated RINs in the RFS

The Problem of Invalidated RINs in the RFS

January 6, 2019 |

In California, Mike Newman of Parhelion Underwriting said that under the Renewable Fuel Standard, the EPA imposed a “buyer beware” approach to the purchase and sale of RINs. This creates a liability for any buyer of RINs, making them responsible for purchases of invalid RINS, even if it’s done inadvertently. The liability includes the replacement […]

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How EPA handles hardship waivers seen as biggest RIN challenge in 2019

How EPA handles hardship waivers seen as biggest RIN challenge in 2019

January 3, 2019 |

In Washington, Platts expects that how the Environmental Protection Agency decides to handle hardship waivers in 2019 will be the biggest challenge for the future of the RIN market and the Renewable Fuel Standard overall. The EPA has yet to reallocate RINs waived during 2018 although industry players say the agency must do so by […]

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EPA puts hardship waiver program on hold and RIN prices jump in response

EPA puts hardship waiver program on hold and RIN prices jump in response

November 28, 2018 |

In Washington, Reuters reports that the hardship waiver program has been put on hold while the Environmental Protection Agency reviews how applications are scored and waivers are issued. Reuters also reports that on the back of the news, D6 RIN prices rose 4 cents to 14.5 cents. The expectation is that the review will lead […]

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Valero sees giant drop in 2018 RIN spend

Valero sees giant drop in 2018 RIN spend

October 25, 2018 |

In Texas, Reuters reports that Valero expects to pay between 40% and 50% of what it did last year for its RIN obligations, somewhere between $450 million and $550 million compared to its 2017 RIN spend of $975 million. RIN prices have collapsed this year in response to expectations that the Renewable Fuels Standard would […]

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NATSO launches new RIN management service with Alternative Fuels Council

NATSO launches new RIN management service with Alternative Fuels Council

October 2, 2018 |

In Virginia, NATSO Inc. and the Alternative Fuels Council launched a new RIN Management Service designed to help fuel retailers that blend and sell renewable fuels to more efficiently participate in the Renewable Fuel Standard (RFS) program and manage their Renewable Identification Numbers (RINs). The Alternative Fuels Council’s RIN Management Service will help those who […]

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E15 could go year-round but will be paid with restrictions on RIN trade

E15 could go year-round but will be paid with restrictions on RIN trade

October 1, 2018 |

In Washington, Reuters reports that as the Trump Administration looks to approve year-round E15 sales it is also likely to restrict RIN trade in an effort to reduce costs for oil companies by reducing speculation. Restrictions include a 120% cap of RINs vs. compliance obligation to keep companies from speculating while some parties could be […]

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EPA releases hardship waivers data showing 29 refineries were granted 13.62 billion gallons of exemptions in 2017

EPA releases hardship waivers data showing 29 refineries were granted 13.62 billion gallons of exemptions in 2017

September 20, 2018 |

In Washington, Reuters reports that the Environmental Protection Agency finally released data regarding small refinery hardship waivers, saying that 29 refineries were granted waivers from RIN compliance in 2017 compared to 19 in 2016 and just seven the year before. A total of 13.62 billion gallons of ethanol were exempted in 2017 as a result […]

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Congressmen introduce bill to reallocate waived RIN gallons

Congressmen introduce bill to reallocate waived RIN gallons

September 10, 2018 |

In Washington, Iowa Congressman David Young and Minnesota Congressman Collin Peterson introduced the Restoring Our Commitment to Renewable Fuels Act which will reallocate waived renewable fuel obligations and require the Environmental Protection Agency (EPA) to disclose refineries who receive “hardship” waivers. Over the past two years, 2.25 billion gallons have been destroyed due to the […]

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Senator Grassley believes EPA has taken RIN generation from exports off the table

Senator Grassley believes EPA has taken RIN generation from exports off the table

August 15, 2018 |

In Washington, Senator Chuck Grassley says that following discussions with the acting administrator of the Environmental Protection Agency he no longer believes that that controversial proposal to generate RINs from ethanol exports is still an option for reform of the Renewable Fuel Standard. The acting administrator has been coy about what reforms were likely to […]

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