Quantcast





RSS
February 06, 2008 | Jim Lane | Comments 0

EPA says US trade in renewable fuel credits (RINs) jumps 2000 percent in December

The EPA said that US trade in renewable fuel credits jumped 2000 percent in usage in December. Under the US renewable fuel trading system, biofuels producers generate renewable fuels credits which transfer to the purchasers of the fuel.

Refiners and fuel marketers are required to have credits that prove they have met their obligations under the Renewable Fuel Standard, but can buy or sell excess credits.

The credits, called RINs, trade for 2-3 cents per RIN. Fuel marketers who come up short on RINs and cannot purchase them on the market, can purchase them from the EPA. The EPA price is the greater of 0.25 cents per gallon, or $3.00 less the wholesale price of gasoline. Currently the EPA price works out to around seventy cents.

The Renewable Fuel Standard calls for 36 billion gallons of biofuels to be blended with conventional gasoline by 2022. US presdential candidates Mike Huckabee and Barack Obama have endorsed a cap-and-trade system for emissions, as well as the trading credit system for fuels.

Free Subscription to the Daily Biofuels Digest e-newsletter


bdnl091008Subscribe FREE to the world's most-widely read biofuels daily. Enter your email in the box below,
or click here to subscribe:

Related Stories


  • US Renewable fuel credits prices plunge as speculation grows that E15 will not happen this year
  • In New York, US ethanol credit prices plunged on increasing speculation that the US government will not allow an increased E15 ethanol blend this year. 2008 ethanol blending credits, known as Renew...
  • Falling ethanol prices, capacity causes 28 percent price increase in ethanol blending credits in one week; leading indicator that the worst is over for ethanol?
  • In Washington, the prospect of rapidly falling ethanol supplies has caused the price of ethanol blending credits, known as Renewable Information Numbers (RINs), to soar by 28 percent. Under EPA rules ...
  • Teleseminar on Renewable Identification Numbers (RINs) covers non-compliance, trading profit potential
  • The subject of non-compliance and maximizing trading profits with RINs (Renewable Identification Numbers) are on the agenda for a call-in webcast and teleseminar next Tuesday (January 27). Participati...
  • Oil refineries buying credits, not blending ethanol, says RINexchange
  • Rinexchange is reporting that the high price of ethanol, compared to gasoline, is persuading oil refiners to buy credits, or RINS, from other refiners instead of buying and blending ethanol. The Renew...
  • Popular webinar returns on new EPA provisions for Renewable Information Numbers (RINs), tracking system for biofuels production and distribution
  • In Texas, RINStar announced that it will replay its popular webinar on the EPA's Moderated Transaction System for Renewable Identification Numbers.  RINs are issued to track the production and blendi...
  • Today in Biofuels: Brazil to certify sustainable ethanol; 72 percent of small producer biodiesel fails ASTM standards; US trade in renewable fuel credits jumps 2000 percent in Dec
  • Top Story:In Brazil, the national government will introduce an environmental certification for sustainable production of ethanol. The move is primarily aimed at exports to the EU, where questions have...

    Hot Topics


    The Hottest 50 Companies in Bioenergy
    Latest algae-to-energy news
    Latest jatropha news
    Latest Waste-to-energy news

    Entry Information

    Filed Under: Policy

    RSSPost a Comment  |  Trackback URL

    You must be logged in to post a comment.