RIN prices slide as 27 small refiners seek RFS waivers

In Washington, Reuters reports that RIN prices for corn ethanol sank to a nearly eight-month low of 61 cents on Thursday following it breaking the news about an unusually high numbers of small refiners—a total of 27—requesting waivers by the Environmental Protection Agency from compliance with the Renewable Fuels Standard. In a typical year, about eight refiners with capacity of less than 75,000 barrels per day seek the waiver with a total of 29 applying between 2012 and 2016.