What’s New
Understanding RINsanity: Why Renewable Fuel Standard compliance costs keep rising
When EPA sets Renewable Fuel Standard (RFS) mandates, most attention focuses on the required volumes of renewable fuel. But behind the scenes, compliance depends on something called Renewable Identification Numbers, or RINs. Understanding how RINs work, and why the industry's "RIN bank" is shrinking, helps explain why increasingly aggressive mandates are driving up RFS compliance costs.
EPA’s reallocation decision: Why it matters
EPA's reallocation announcement may sound like an obscure regulatory decision, but it goes to the heart of a growing problem within the Renewable Fuel Standard (RFS). This latest action shifts additional compliance obligations onto non-exempt refiners, increasing costs throughout the system. The result is an already historically expensive RFS becoming even more expensive, with negative implications for fuel affordability, domestic refining and American energy security. Learn more about EPA's announcement, how reallocation works and why it matters.
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.