RINs are a type of credit provided as part of the Renewable Fuel Standard (or RFS) program. These credits are used to prove that you’ve been making biofuel products in order to comply with the law and don’t have to make up the difference.

A company looking for credit is often referred to as an "obligated party" because they are obligated by federal law, and they will issue "RINs" against individual batches of fuel. This means that when a company has excess compliance credits or renewable identification numbers (including but not limited to RINs), it can sell their credits, and when one doesn't have enough, they can buy them.

 

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