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.
Twenty senators delivered a letter to President Trump yesterday firmly stating their opposition to rumored regulatory action to expand the sale of E15 fuel.
Much of the focus within the Renewable Fuel Standard is on corn ethanol and the 15-billion-gallon conventional biofuel mandate. But less critically examined in this policy administered by the Environmental Protection Agency is the mandate for advanced biofuels, including biodiesel.
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).
Nine U.S. senators today called on the administration to uphold the law and ensure that qualified small refineries continue to have protection from disproportionate economic hardship brought on by the Renewable Fuel Standard (RFS).