RINs Improved as Part of RFS2
by Holly Jessen (Ethanol Producer Magazine) The U.S. EPA has come up with a new system for renewable identification number (RINs) that should be easier to use as well as cut down on the possibility of human error. …Tony Miller, an EPA chemical engineer, laid out the new–and hopefully improved–EPA Moderated Transaction System (EMTS), a Web-based reporting system. It will be used to generate, sell, buy, separate or retire RINs under the Renewable Fuels Standard final rule (RFS2) released in early February. With RFS1, “a RIN was a RIN was a RIN,” Miller said. The new system will track advanced biofuels, cellulosic ethanol, biomass-based diesel and renewable fuels.
…RFS2 won’t officially go into effect until July 1, which means RINs1 will continue to be traded. However, Miller and other presenters repeatedly urged ethanol producers to sign up early to test EMTS, the transaction system for RINs2. At the latest, producers must be registered for the new system 60 days prior to production of fuel or by July 1.
…All parties must register for EMTS, regardless if they are currently registered for RINs1, as there is no import mechanism for the old system to the new. READ MORE
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