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  • The Renewable Fuel Standard is Hurting Consumers and U.S. Refineries

  • August 31, 2016

  • Renewable Identification Numbers (RINs) are credits generated when biofuels such as ethanol and biodiesel are blended with gasoline and diesel fuel. RINs are used to show compliance with the Renewable Fuel Standard Program (RFS)—a program begun in 2005 and ramped up enormously in 2007--to force increasingly more renewable fuels into the transportation fuel market. They can be procured by purchasing renewable fuel with an attached RIN or by buying RINs on the open market. Companies that buy and blend more renewable fuel than required have RIN surpluses that they can sell at a profit to companies short on RINs....
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Renewable Identification Numbers (RINs) are credits generated when biofuels such as ethanol and biodiesel are blended with gasoline and diesel fuel. RINs are used to show compliance with the Renewable Fuel Standard Program (RFS)—a program begun in 2005 and ramped up enormously in 2007--to force increasingly more renewable fuels into the transportation fuel market. They can be procured by purchasing renewable fuel with an attached RIN or by buying RINs on the open market. Companies that buy and blend more renewable fuel than required have RIN surpluses that they can sell at a profit to companies short on RINs.... Read More
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