Ethanol Plant Managers Write President

Cindy Zimmerman

Managers at 150 U.S. biofuel refineries across the heartland have sent a letter to President Donald Trump, urging him to “stand strong in defense of the Renewable Fuel Standard (RFS).” The plant managers, which represent the majority of U.S. ethanol production, address proposals by oil refinery supporters to “cut, cap, or eliminate” Renewable Identification Numbers (RINs), which they say “would …

Ethanol, Ethanol News, Growth Energy, RFA, RFS, RINS

Ethanol Report on RINs in the White House

Cindy Zimmerman

President Donald Trump has been meeting with stakeholders in the biofuels and refinery industries to find a way to lower Renewable Identification Number (RIN) prices that is acceptable to both sides. Two main options are a cap on RIN prices, or allowing year round sales of E15, or some combination of both. In this edition of The Ethanol Report, we …

Audio, Ethanol, Ethanol News, Ethanol Report, RFA, RFS, RINS

Biodiesel No Problem in RFS Talks

Cindy Zimmerman

Of those Renewable Fuel Standard (RFS) stakeholders at last week’s White House meeting, only Renewable Energy Group, Inc. President and CEO Randy Howard walked out feeling like his industry was safe. Howard, who joined other top biofuel company executives who met with the President, Vice President Pence, EPA Administrator Scott Pruitt, and some petroleum refiners to discuss the RFS, says …

Biodiesel, REG, RFS, RINS

Perdue Answers RINs Question During Town Hall

Cindy Zimmerman

U.S. Secretary of Agriculture Sonny Perdue held a town hall on the main stage in the Commodity Classic Trade Show Thursday and answered some questions from a few of the hundreds of farmers who gathered to watch and listen. Former National Corn Growers Association president Pam Johnson of Iowa wanted to know specifically if the secretary supported a cap on …

Audio, Commodity Classic, corn, Ethanol, Ethanol News, RFS, RINS, RVP, USDA

Study Finds RIN Cap Would Devastate Biofuels

Cindy Zimmerman

A new analysis by University of Illinois economist Scott Irwin finds that the impact of a 10-cent cap on RIN prices, as proposed by Texas Sen. Ted Cruz, would be “catastrophic” for the renewable fuels industry. Specifically, such a price cap would serve as the mortar in the oil industry’s attempt to rebuild the “blend wall.” Irwin finds that “…the …

Ethanol, Ethanol News, RFA, RFS, RINS

New Analysis Shows RIN Prices Could Fall

Cindy Zimmerman

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

Ethanol Producers Going “RINless”

Cindy Zimmerman

Renewable Identification Number credits (RINs) have been trading higher this week and some ethanol producers and marketers are taking advantage of the higher values to offer denatured ethanol as low as 30 cents per gallon and E85 at 55 cents per gallon (plus tax and freight). American Coalition for Ethanol (ACE) Senior Vice President Ron Lamberty reports that Glacial Lakes …

ACE, Ethanol, Ethanol News, RFS, RINS

Study of RINs and Retail Gas Prices Finds No Relationship

Cindy Zimmerman

A new study by Informa Agribusiness Consulting finds that prices of the Renewable Identification Number (RINs) credits used for RFS compliance have not caused changes in retail gasoline prices The analysis, commissioned by the Renewable Fuels Association (RFA), looked at trends in the prices for conventional biofuel RINs and retail gasoline from 2013 to the summer of 2017. “Based on …

Ethanol, Ethanol News, RFA, RFS, RINS

Rumors Send RIN Markets Plunging

Cindy Zimmerman

A news report this week that EPA was considering a policy change to count ethanol exports toward Renewable Identification Numbers (RINS) caused their prices to dive on the market. That, on top of EPA’s announcement this week that further cuts in the volume obligations under the Renewable Fuel Standard (RFS) were being considered, caused some to question the administration’s commitment …

Ethanol, Ethanol News, RFA, RFS, RINS

Chemoil Settles RIN Dispute

Joanna Schroeder

The largest mis-use of Renewable Identification Numbers (RINS) since the inception of the Renewable Fuel Standard (RFS) has been settled this week. The U.S. EPA and the U.S. Department of Justice have ordered Chemoil Corporation to retire 65 million fuel credits to resolve violations. When factoring in the current market value of the credits, combined with an additional 7.7 million …

advance biofuels, Biodiesel, EPA, RFS, RINS