Syntroleum Announces Dynamic Fuels Receipt of Renewable Gasoline Registration From EPA
(Syntroleum) Syntroleum Corporation, a renewable and synthetic fuels technology company, today announced that Dynamic Fuels, LLC has been granted Part 79 registration for its Renewable Gasoline Blendstock 10 by the U.S. Environmental Protection Agency (EPA). This designation enables Dynamic Fuels to generate 1.5 Advanced Biofuel, or D5, RINS for each gallon of its renewable gasoline blendstock when blended into petroleum gasoline at up to a 10% concentration. Dynamic Fuels’ Renewable Gasoline Blendstock is a “drop-in” fuel that can be blended directly into gasoline.
At its design basis production rate of 75 million gallons per year, Dynamic Fuels’ Geismar Plant should produce approximately 7.5 million gallons of renewable gasoline blendstock, or 11.25 million Advanced Biofuel RINS, per year. Advanced Biofuel RINS have traded for as much as $0.83 per RIN during 2012 and are currently approximately $0.46.
This is the third time Dynamic Fuels has successfully applied for and received EPA Part 79 Registration for drop-in renewable fuels. Dynamic Fuels received Part 79 registration for Renewable Diesel Blendstock for up to a 20% blend with petroleum diesel in 2009 and Part 79 registration for Renewable Diesel for use at up to 100% concentration in 2011. READ MORE and MORE (Equities.com)