Tag: RIN

Andeavor saves $100 million over two years from “RIN savings”

Andeavor saves $100 million over two years from “RIN savings”

May 8, 2018 |

In New York state, Reuters reports that despite the Environmental Protection Agency granting three of its refineries hardship waivers so they didn’t have to comply with their 2016 RIN requirements under the Renewables Fuel Standard, Andeavor reported $100 million in savings during 2016 and 2017 as a result of lower biofuel compliance costs. The reporting […]

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Q1 RIN prices saw biggest quarterly loss in a year

Q1 RIN prices saw biggest quarterly loss in a year

April 3, 2018 |

In New York state, Reuters reports that continued uncertainty about the future of the Renewable Fuel Standard forced RIN prices down to their biggest quarterly loss in a year with Oil Price Information Service data showing a range of 72 cents as a high on January 2 to a low of 35 cents in mid-March, […]

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Secretary of Agriculture thinks Trump may back away from RFS reform

Secretary of Agriculture thinks Trump may back away from RFS reform

March 21, 2018 |

In Washington, Reuters reports that the Secretary of Agriculture believes President Trump may back away from trying to broker an agreement between oil and corn states on reforming the Renewable Fuel Standard and instead leave the difficult negotiations to lawmakers themselves. The Environmental Protection Agency administrator has sent a list of potential options to the […]

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Five Senators seek White House meet to pursue RIN reform alternatives

Five Senators seek White House meet to pursue RIN reform alternatives

March 19, 2018 |

In Washington, Agri-Pulse posted a copy of a letter from Senators John Thune, Chuck Grassley, Deb Fischer, Joni Ernst and Roy Blunt requesting a meeting with the White House to present options for reducing RIN prices that don’t include a cap nor would limit the demand for ethanol beyond the 10% “blend wall.” Referring to […]

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EPA wants to cut speculators out of RIN market

EPA wants to cut speculators out of RIN market

March 13, 2018 |

In Washington, the Houston Chronicle reports that the Environmental Protection Agency’s administrator believes a potential solution to high RIN prices and associated volatility in the thinly traded market could be the removal of speculators, restricting those who are allowed to buy and sell credits. He said that allowing year-round E15 sales would also help to […]

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Proposed RIN deal would cut ethanol consumption, sink corn prices: Report

Proposed RIN deal would cut ethanol consumption, sink corn prices: Report

March 8, 2018 |

In Washington, a study from the  Center for Agricultural and Rural Development (CARD) at Iowa State University found that action to cap Renewable Identification Number (RIN) prices in exchange for an RVP waiver allowing year-round sale of E15 would result in reduced ethanol consumption, a drop in corn prices, and an effective cut of 5% to […]

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New study shows RIN cap in exchange for year-round E15 is a bad deal

New study shows RIN cap in exchange for year-round E15 is a bad deal

March 7, 2018 |

In Iowa, any action to artificially cap Renewable Identification Number (RIN) prices in exchange for an RVP waiver allowing year-round sale of E15 would be a bad deal for rural America and the nation’s consumers, according to a new economic analysis released Tuesday. Such a tradeoff would result in reduced ethanol consumption, a drop in […]

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January RIN production down as non-corn ethanol production slips

January RIN production down as non-corn ethanol production slips

February 19, 2018 |

In Washington, Platts reports that Environmental Protection Agency data showed a slight increase in ethanol RIN production in January to 1.283 billion, 5.57 million more than in December, but RIN production was down more than 9% overall to 1.52 billion RINs. D4 RINs generated through biomass-based diesel production fell by more than 36% to 132.13 […]

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

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 […]

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EPA administrator says RIN reform is the way forward on the RFS

EPA administrator says RIN reform is the way forward on the RFS

February 1, 2018 |

In Washington, Reuters reports that the Environmental Protection Agency’s administrator said in an interview on Fox News that he believes Philadelphia Energy Solutions’ bankruptcy stems largely from required compliance with the Renewable Fuel Standard and as such is indication that the policy must be reformed. Rather than getting rid of ethanol blending as a whole, […]

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