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.

 

Recent Posts

AFPM testifies on legislation to rein in EPA & California efforts aimed at banning internal combustion engine vehicles

AFPM President and CEO Chet Thompson testified before a House Energy & Commerce subcommittee on legislation aimed at preserving U.S. energy security and Americans’ ability to purchase the fuels and vehicles of their choosing while continuing to move the transportation sector in a more efficient and less carbon intensive direction.

An electrified RFS betrays Congress’s vision and U.S. biofuels

When Congress created the Renewable Fuel Standard, the intent was clear. The RFS was supposed to build a market for American-grown biofuels and support domestic energy security. Today, EPA wants to deviate wildly from this course. Instead of maintaining the RFS as a program for liquid transportation biofuels, EPA’s RFS proposal for 2023 to 2025 would begin transforming the RFS into yet another huge government subsidy for electric vehicles.

AFPM: Parts of EPA’s RFS proposal “completely contrary” to Congress’s vision

AFPM Senior Director of Fuels and Vehicle Policy, Patrick Kelly, testified during the Environmental Protection Agency’s (EPA’s) public hearing on the proposed Renewable Fuel Standard (RFS) “Set” Rule. EPA’s proposal will stifle advanced biofuels, promote first generation biofuels beyond the market’s ability to absorb them and shift overall RFS growth away from liquid biofuels and into the power electricity sector. This is completely contrary to how congress envisioned EPA’s handling of the program.

Refiners Bewildered by Biden Administration RFS Rule that Will Increase Costs for Refiners & Consumers

EPA's 2022 RFS standard is bewildering and contrary to the Administration’s claims to be doing everything in their power to provide relief to consumers. Unachievable mandates will needlessly raise fuel production costs and further threaten the viability of U.S. small refineries, both at the expense of consumers.

Energy Market Impacts on Fuel and Petrochemical Prices

COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.