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 …
Rumors Send RIN Markets Plunging
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 …
Chemoil Settles RIN Dispute
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 …
BIO Releases RIN White Paper
A new white paper finds evidence to challenge the assumption that the ethanol blend wall caused the 2013 spike in Renewable Identification Number (RIN) spot market prices. “The Myth of High RIN Prices as Proof of the Blend Wall,” was released by the Biotechnology Innovation Organization (BIO) and analyses EPA data on compliance of the Renewable Fuel Standard between 2010-2013. …
EPA Approves Edeniq Cellulosic Pathway
The U.S. Environmental Protection Agency (EPA) has announced that it has approved Pacific Ethanol’s registration of its Stockton, California plant to generate D3 cellulosic Renewable Identification Numbers (RINS) using Edeniq’s Pathway Technology. The company’s kernel fiber to cellulosic ethanol technology was recently featured during a panel discussion at the 29th annual ACE Ethanol Conference. “This approval is a landmark for …
EcoEngineers’ Ramm Talks Technology Innovation
There were many interesting panel discussions during the recent Ethanol Conference hosted by the American Coalition for Ethanol (ACE). One breakout session entitled, “Technology Innovation: Kernel Fiber Leads the Way to Cellulosic Biofuel,” featured the emergence of cellulosic ethanol being produced from the corn kernel fiber. Two companies leading they way in this are Quad County Corn Processors and Edeniq. …
Direct #Ethanol Sales is #ACE2016 Unsung Hero Strategy
American Coalition for Ethanol (ACE) Unsung Hero award winner Rick Schwarck of Absolute Energy in St. Ansgar, Iowa is a pioneer in the direct biorefinery to retail station sales of ethanol. Schwarck says selling ethanol direct to retail stations is a way of passing along the best prices possible to the retail station and ultimately the consumer. “Each gallon of …
Jennings #ACE2016: Passion for Promoting Ethanol Contagious
American Coalition for Ethanol (ACE) Executive Vice President Brian Jennings began his opening remarks to a standing room only crowd at this year’s 29th annual Ethanol Conference. The excitement was high. Why? Because as Jennings put so succinctly, his passion for promoting ethanol is contagious. And indeed it is. Jennings stressed that when everyone works together, the industry is stronger, …
EPA, CFTC to Share RFS& RIN Data, Analysis
The U.S. Commodity Futures Trading Commission along with the Environmental Protection Agency (EPA) have entered into a Memorandum of Understanding that allows the agencies to share data and analysis on the Renewable Fuel Standard (RFS). As part of the deal, the agencies will cooperate and coordinate on topics relevant to the RFS and the market for Renewable Identification Numbers (RINS). …
Biodiesel RIN Defrauder Gets 20 Years in Prison
In a clear message that the integrity of the biodiesel incentive system will be upheld, the Justice Department has sentenced a man to 20 years in prison for his part in defrauding the government to the tune of $55 million. This article from The Hill says Joseph Furando participated in a process over several years to buy and resell biodiesel, …