Tag: RIN

April RIN production slightly higher but D5 production falls by a third

April RIN production slightly higher but D5 production falls by a third

May 21, 2018 |

In Washington, Platts reports that Environmental Protection Agency data shows RIN generation rose slightly in April to 1.244 billion, about 0.29% higher than in March. The increase can be attributed to 4.77 million more D4 biomass-based diesel RINs generated during the month. Cellulosic D3 RINs also rose slightly to 20.67 million RINs. Despite the steady […]

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EPA may seek public comment on RIN transparency during 2019 RVO consultation

EPA may seek public comment on RIN transparency during 2019 RVO consultation

May 15, 2018 |

In Washington, Reuters reports that the Environmental Protection Agency is expected to take advantage of the forthcoming public comment period on 2019 renewable volume obligations to also seek input on potential reform of the RIN market as it tries to boost transparency in the $9 billion market that has been accused of manipulation. The EPA […]

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Refiners saving hundreds of millions in RIN costs

Refiners saving hundreds of millions in RIN costs

May 9, 2018 |

In Washington, Reuters reports that refining companies are receiving hundreds of millions in savings thanks to hardship waivers under the Renewable Fuel Standard by the Environmental Protection Agency. It’s not just Andeavor’s $100 million in cost savings during 2016 and 2017, but CVR’s estimate of $23 million in 2018 costs compared to $249 million last […]

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Andeavor saves $100 million over two years from “RIN savings”

Andeavor saves $100 million over two years from “RIN savings”

May 8, 2018 |

In New York state, Reuters reports that despite the Environmental Protection Agency granting three of its refineries hardship waivers so they didn’t have to comply with their 2016 RIN requirements under the Renewables Fuel Standard, Andeavor reported $100 million in savings during 2016 and 2017 as a result of lower biofuel compliance costs. The reporting […]

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Q1 RIN prices saw biggest quarterly loss in a year

Q1 RIN prices saw biggest quarterly loss in a year

April 3, 2018 |

In New York state, Reuters reports that continued uncertainty about the future of the Renewable Fuel Standard forced RIN prices down to their biggest quarterly loss in a year with Oil Price Information Service data showing a range of 72 cents as a high on January 2 to a low of 35 cents in mid-March, […]

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Secretary of Agriculture thinks Trump may back away from RFS reform

Secretary of Agriculture thinks Trump may back away from RFS reform

March 21, 2018 |

In Washington, Reuters reports that the Secretary of Agriculture believes President Trump may back away from trying to broker an agreement between oil and corn states on reforming the Renewable Fuel Standard and instead leave the difficult negotiations to lawmakers themselves. The Environmental Protection Agency administrator has sent a list of potential options to the […]

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Five Senators seek White House meet to pursue RIN reform alternatives

Five Senators seek White House meet to pursue RIN reform alternatives

March 19, 2018 |

In Washington, Agri-Pulse posted a copy of a letter from Senators John Thune, Chuck Grassley, Deb Fischer, Joni Ernst and Roy Blunt requesting a meeting with the White House to present options for reducing RIN prices that don’t include a cap nor would limit the demand for ethanol beyond the 10% “blend wall.” Referring to […]

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EPA wants to cut speculators out of RIN market

EPA wants to cut speculators out of RIN market

March 13, 2018 |

In Washington, the Houston Chronicle reports that the Environmental Protection Agency’s administrator believes a potential solution to high RIN prices and associated volatility in the thinly traded market could be the removal of speculators, restricting those who are allowed to buy and sell credits. He said that allowing year-round E15 sales would also help to […]

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Proposed RIN deal would cut ethanol consumption, sink corn prices: Report

Proposed RIN deal would cut ethanol consumption, sink corn prices: Report

March 8, 2018 |

In Washington, a study from the  Center for Agricultural and Rural Development (CARD) at Iowa State University found that action to cap Renewable Identification Number (RIN) prices in exchange for an RVP waiver allowing year-round sale of E15 would result in reduced ethanol consumption, a drop in corn prices, and an effective cut of 5% to […]

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New study shows RIN cap in exchange for year-round E15 is a bad deal

New study shows RIN cap in exchange for year-round E15 is a bad deal

March 7, 2018 |

In Iowa, any action to artificially cap Renewable Identification Number (RIN) prices in exchange for an RVP waiver allowing year-round sale of E15 would be a bad deal for rural America and the nation’s consumers, according to a new economic analysis released Tuesday. Such a tradeoff would result in reduced ethanol consumption, a drop in […]

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