New Analysis Shows RIN Prices Could Fall

Cindy Zimmerman Leave a Comment

A new analysis from the University of Illinois shows conditions that caused high conventional biofuel (D6) RIN prices are changing rapidly and that “…it is not out of the realm of possibility for D6 RINs prices to fall back their pre-2013 level of just a few cents without making any changes to the RFS.” According to a release from the …

Audio, Ethanol, Ethanol News, National Ethanol Conference, RFA, RFS, RINS

RFA CEO Blasts Sen. Cruz in Texas

Cindy Zimmerman Leave a Comment

The National Ethanol Conference is being held in San Antonio, Texas this week, so to start the meeting on a high note, Renewable Fuels Association President and CEO Bob Dinneen had a scathing editorial published in the local paper challenging Sen. Ted Cruz (R-TX) to stop scapegoating the RFS. “He is holding it [vote for Bill Northey’s appointment to Under …

Ethanol, Ethanol News, National Ethanol Conference, RFA, RFS

Senators Speak Out to Approve Northey Nomination

Cindy Zimmerman Leave a Comment

After nearly four months of having the nomination of Iowa’s Bill Northey to the U.S. Department of Agriculture held up by Senator Ted Cruz (R-TX), Sen. Chuck Grassley (R-IA) brought it up on the Senate floor Wednesday and called on other colleagues to back him up. Northey was nominated to be USDA Under Secretary for Farm Production and Conservation in …

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Harvard Professor Says RVP Parity Will Lower RIN Prices

Cindy Zimmerman

A professor of economics at Harvard University claims that providing RVP parity for E15 would be the most direct way to lower RIN prices. A recent paper from economist Professor James H. Stock argues that providing RVP parity for E15 would facilitate increased ethanol blending, which in turn would drive increased generation and availability of RIN credits and ultimately lower …

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Grassley Disputes Negative Impacts of RFS on Refineries

Cindy Zimmerman

Sen. Chuck Grassley (R-IA) is challenging claims that the Renewable Fuel Standard (RFS) was responsible in part for the recent bankruptcy filing of Philadelphia Energy Solutions (PES). Grassley released an internal memo produced by his energy policy staff who analyzed the situation and found that the biofuels blending requirement and the cost of Renewable Identification Number credits (RINs) “have little …

Ethanol, Ethanol News, RFS

Over 30 States Broke Blend Wall in 2016

Cindy Zimmerman

The latest data from the U.S. Department of Energy (DOE) shows that gasoline consumed in 30 states and the District of Columbia in 2016 contained more than 10 percent ethanol on average, breaking through the so-called E10 Blend Wall. That compares to 2015 when the national average ethanol content was 9.91 percent and 25 states (plus the District of Columbia) …

E15, Ethanol, Ethanol News, RFA, RFS

RFA: RFS Not to Blame for Refinery Bankruptcy

Cindy Zimmerman

Philadelphia Energy Solutions, (PES) the largest oil refinery on the east coast, filed for bankruptcy protection last week, blaming the Renewable Fuel Standard for its financial problems, but Renewable Fuels Association CEO Bob Dinneen disagrees. In an op-ed in The Hill today, Dinneen says PES has no one to blame but itself. “PES operates one of the nation’s oldest refineries, …

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RFA Cites Small Refiner Exemption Concerns

Cindy Zimmerman

Renewable Fuels Association (RFA) president and CEO Bob Dinneen sent a letter last week to EPA Administrator Scott Pruitt expressing concern about a troubling “lack of transparency” in EPA’s management of the Renewable Fuel Standard’s (RFS) small refinery exemption provisions that could “destabilize the market for renewable fuels and undermine Congress’s goals for the RFS program.” EPA has the ability …

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Ethanol Report on RFS2 10th Anniversary

Cindy Zimmerman

Ten years ago this month, just days before Christmas, President George W. Bush signed into law the Energy Independence and Security Act which greatly expanded the Renewable Fuel Standard (RFS) to include up to 36 billion gallons of biofuels by 2022. The expansion became known as RFS2, like the sequel to a big movie that had just been released two …

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A Decade of Progress with RFS2

Cindy Zimmerman

It was ten years ago today that President George W. Bush signed into law the Energy Independence and Security Act, which greatly expanded the Renewable Fuel Standard (RFS) established in 2005 so it became known as RFS2. In the decade since passage, significant progress has been made towards greater energy security, cleaner air and boosting local economies, according to a …

Ethanol, Ethanol News, RFA, RFS