Texas Senator to propose new type of RINs to weigh down current RIN prices

February 19, 2018 |

In Washington, Texas Senator John Cornyn is set to soon release details of his proposed legislation that he’s been working on for the past two years in an attempt to unify the oil and biofuels industries on a path forward for the Renewable Fuels Standard. The new policy centers around the creation of the D8 RIN that would be generated for every gallon of E10 and higher ethanol blends, on one hand potentially creating a premium market that would lead to increased investment in infrastructure for higher blends while helping to reduce demand for standard ethanol RINs, bringing down those prices and the alleged burden on oil companies.

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Category: Policy

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