RIN prices jump 25% after SRE policy reform news

February 27, 2020 |

In Washington, Reuters reports that RIN prices jumped 25% on the back of the news that the Trump Administration was going to overhaul the issuance of small refinery hardship waivers which should increase demand for ethanol, and therefore RINs. On Wednesday, 2019 D6 RINs traded at 35 cents compared to 28 cents on Tuesday while 2020 D6 RINs traded at 40 cents. The policy reform is as a result of a U.S. Court of Appeals for the 10th Circuit ruling made in January that kicked back to the Environmental Protection Agency for review the decision to award waivers to HollyFrontier Corp’s Woods Cross and Cheyenne refineries and CVR Energy Inc’s Wynnewood refinery

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Category: Fuels

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