The Iowa Renewable Fuels Association (IRFA) has a message for EPA Administrator Scott Pruitt to answer the question of how to reduce RIN prices associated with the Renewable Fuel Standard – grant E15 the same RVP treatment as all other ethanol-blended fuels.
On January 30th, while Administrator Pruitt was testifying before the U.S. Senate Environment and Public Works Committee, Iowa Renewable Fuels Summit attendees were signing a letter and a poster to the administrator asking him to grant E15 RVP parity. A copy of the letter summit attendees signed, and a photo of the signed poster was sent to Pruitt’s office Wednesday.
“From Harvard professors to Iowa retailers, the experts agree E15 RVP parity is the fastest way to lower RIN prices,” said IRFA Executive Director Monte Shaw. “It is simple supply and demand. Allowing retailers to blend E15 all year round would flood the market with RINs and reduce the price.”
During the Senate committee hearing, Pruitt said EPA is in the process of determining if the agency will provide E15 RVP parity “and we are working to get an answer as soon as we can.”