PBF Energy boost RIN buy to $160 million but will also boost blending

May 6, 2013 |

In New Jersey, PBF Energy plans to boost its RIN purchases this year to $160 million from $60 million last year because the company is about 400 million RINs short of its E10 requirement. Though the company complains that RINs are a hidden tax, the company plans to boost blending 75% of its gasoline with ethanol come the second half of the year, up from its current 50%.

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Category: Fuels

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