Tag: RIN

House Energy and Commerce Committee talks RINs

House Energy and Commerce Committee talks RINs

July 26, 2018 |

In Washington, the House Energy and Commerce Committee held its fifth hearing on the Renewable Fuels Standard on Wednesday, focusing this time on educating members about RINs. The chairman of the committee said many of the members don’t understand RINs, so wanted an educational meeting to get them up to speed due to the importance […]

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EPA backs off from plan to reallocate RINs lost to hardship waivers

EPA backs off from plan to reallocate RINs lost to hardship waivers

July 12, 2018 |

In Washington, Reuters reports that the Environmental Protection Agency has backtracked on an earlier plan to re-allot RIN obligations to other refiners to make up for the 1.8 billion gallons of ethanol demand lost due to hardship waivers granted to smaller refineries. The EPA says the waivers only eliminated demand for 2.25 million gallons. The […]

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EPA announcement reassigning waived RINs likely postponed after oil uproar

EPA announcement reassigning waived RINs likely postponed after oil uproar

June 21, 2018 |

In Washington, Friday’s planned announcement by the Environmental Protection Agency administrator and the Secretary of Agriculture at a farm in Missouri on Friday that RINs waived would be re-allotted to other refineries will likely be postponed after uproar by the petroleum industry. So now the last minute deal must be rejigged but it won’t likely […]

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EPA could re-allocate RIN requirements during RVO announcement Friday

EPA could re-allocate RIN requirements during RVO announcement Friday

June 20, 2018 |

In Washington, Reuters reports that the Environmental Protection Agency could announce re-allotments of RIN requirements waived under the hardship waiver program to other refiners as early as Friday, a move that would reduce the potential 1.8 billion gallon ethanol glut left when smaller refiners were granted waivers. The EPA has tripled the volume of waivers […]

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RIN prices sink to 5-year low ahead of White House RFS proposals

RIN prices sink to 5-year low ahead of White House RFS proposals

June 4, 2018 |

In Washington, Reuters reports that RIN prices sank to five-year lows at just 18 cents each on Monday ahead of an anticipated proposal from the White House to reform the Renewable Fuel Standard. RIN production from ethanol exports as well as year-round E15 are two of the proposals previously batted around by the USDA and […]

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EPA grants free RINs to oil refiners denied hardship waivers in 2014 and 2015

EPA grants free RINs to oil refiners denied hardship waivers in 2014 and 2015

May 31, 2018 |

In Washington, Reuters reports that the Environmental Protection Agency has awarded HollyFrontier nearly $34 million worth of RINs to make up for a hardship waiver application denied in 2015 and an undisclosed amount of RINs for Sinclair to compensate for waivers denied in 2014 and 2015 for two of its refineries. All three refineries are […]

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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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