The Renewable Fuel Standard is more expensive in 2021 than at any other point in the program’s 15-year history. Soaring RFS prices signal that the RIN bank could run dry.
The cost of Renewable Fuel Standard (RFS) compliance credits, specifically D6 renewable identification numbers (RINs), is out of control. Sales of D6 RINs for conventional ethanol recently registered above $1.90 (the highest trades in history).
Statement from Chet Thompson: A plain reading of the RFS makes clear that Congress intended for the small refinery hardship program to be a lasting safety net. There is no “use it or lose it” provision.
AFPM recently submitted comments to EPA in support of the Renewable Fuel Standard (RFS) general waiver petitions submitted by the governors of Louisiana, Texas, Oklahoma, Utah, Wyoming, and Pennsylvania.
Ethanol is a valuable source of octane in fuel, but there is a limit to how much our gasoline can take. Today, there simply isn’t the fuel demand, infrastructure or consumer appetite to absorb an arbitrary 15-billion gallons of ethanol.
"Smaller” biofuel mandates due to compliance waivers have not reduced the volume of ethanol consumed in the United States — a fact government data affirms. Here’s why.
WASHINGTON, D.C. – Today, AFPM issued the following statement on the final RFS volumes announced for 2020 and EPA’s related decision on its supplemental proposal.
In the final days before EPA issues the 2020 volumes for the federal biofuel mandate and makes a ruling on the supplemental proposal offered in October, it’s critical to acknowledge that all available data shows there are no “lost gallons” of ethanol that need to be reallocated as part of these announcements.