In Washington, the Energy Information Administration says compliance credits for biomass-based diesel and ethanol have doubled in value since the start of this year. The credits, known as renewable identification numbers (RINs), have increased in price, mostly because of higher U.S. biofuel blending targets. The combination of high RIN prices and rising motor gasoline and […]
In Florida, the owner of a company that produced and sold renewable fuel and fuel credits was sentenced to serve 18 months in prison followed by two years of supervised release, and to pay $2,857,029 in restitution and a $150,000 fine, for his role in a scheme that generated over $7 million in fraudulent Environmental […]
In Washington, a recent economic analysis finds that EPA’s proposal to assign 50% of the Renewable Identification Number (RIN) credits to imported biofuels and biofuels made from imported feedstocks compared to domestic would strengthen domestic soybean markets while preserving flexibility in biomass-based diesel sourcing. The study, funded by the United Soybean Board and conducted by […]
In Washington, Sen. Chuck Grassley (R-Iowa) led over 45 Senate and House colleagues in urging the Environmental Protection Agency (EPA) to finalize a rule on imported Renewable Identification Numbers (RINs) and hold firm on the proposed biomass-based diesel volumes. In their bipartisan, bicameral letter to EPA Administrator Lee Zeldin, the members state such measures would […]
In Florida, the General Manager of a company that produces and sells renewable fuel and fuel credits was sentenced to serve 37 months in prison to be followed by a three-year term of supervised release for his role in a scheme that generated over $7 million in fraudulent Environmental Protection Agency (EPA) renewable fuels credits […]
In Washington, D.C., Senators Pete Ricketts (R-NE) and Amy Klobuchar (D-MN) introduced the Renewable Fuel for Ocean-Going Vessels Act, a bipartisan bill that would allow companies to retain Renewable Identification Number credits under the Renewable Fuel Standard for biofuels used in international shipping, they announced. “Expanding the use of biofuels like renewable diesel strengthens American […]
In Washington, the Energy Information Administration says the price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years. The decline in the price of credits, renewable identification numbers (RINs), is due primarily to lower costs for […]
In Washington, a coalition of more than 20 organizations and companies launched the Partnership for Electric Pathways (PEP) to work with the U.S. Environmental Protection Agency to secure a viable pathway for renewable electricity to get credit under EPA’s Renewable Fuel Standard (RFS) program. “We steadfastly support EPA’s most recent proposal to effectuate the Agency’s […]
In Texas, the team at S&P posted an interesting analysis on the Cellulosic Waiver Credit and D3 RINs, noting that “Due to an anomaly in the Renewable Fuel Standard, CWCs may be purchased for the 2022 compliance year, but not for 2023” and that “unless the EPA attempts to reduce the 2023 cellulosic biofuel RVOs […]
