Q-RINs hitting the market

In Kentucky, after the U.S. EPA’s final Quality Assurance Plan rule established a new, unified QAP program over the summer, Q-RINs have been successfully transferred in the RIN market. “[In December] we received confirmation from a RIN buyer that it received Genscape verified Q-RINs in EMTS,” said Susan Olson, vice president of biofuels at Genscape. “This ushers in the new era of QAP verification, a single streamlined Q-RIN program that can be easily verified in EMTS.”

In its final rulemaking, the EPA indicated that Q-RINs would be available in EMTS by Jan. 1, 2015. The EMTS system has enabled QAP verified RIN transactions ahead of that date via the most recent release of the RIN transaction system. There are two QAP Service Type Codes related to RIN transactions that are part of the latest version of EMTS. The code number 10 corresponds to “Q-RIN” and code number 30 corresponds to “Unverified.” These are the only possible code values so far.