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Articles tagged with: RINs markets

EPA Will Reject Change that Trump Backer Icahn Sought
August 3, 2017 – 3:35 pm | No Comment

by Eric Wolff (Politico)  The Trump administration plans to reject a proposal that would let oil refiners off the hook for complying with the federal ethanol mandate, a senior administration official told POLITICO, dashing the …

RFA Chief Says He’s Still Concerned RINs Market Is Being Manipulated
August 3, 2017 – 2:37 pm | No Comment

by Jeff Barber (Oil Price Information Service)  The head of the Renewable Fuels Association (RFA) says the ethanol industry group remains concerned that “market manipulation” is a “significant factor” driving the price of Renewable Identification …

Top 10 Storylines: Heard on the Floor at the 2017 BIO World Congress
July 25, 2017 – 10:46 am | No Comment

by Jim Lane (Biofuels Digest)  Industrial biotech’s biggest and grandest show, the World Congress on Industrial Biotechnology, opened today in Montreal and BIO itself was in the newsframe with a striking report debunking myths around …

Don’t Spill That Ethanol! Those Cellulosic Fuels Are Worth $4.33 a Gallon.
June 14, 2017 – 11:01 am | No Comment

by Jim Lane (Biofuels Digest)  The value of cellulosic fuels has reached $4.33 per gallon in the California market. That’s real-world, today, including the energy and the low-carbon attributes, and not based on speculation. The …

CFTC Says It Is Not Probing Icahn’s Activity in Biofuels Credits
June 6, 2017 – 12:31 pm | No Comment

by Timothy Gardner (Reuters)  The U.S. Commodity Futures Trading Commission informed eight Democratic U.S. senators last month that it is not investigating biofuels credits after the lawmakers had urged it to probe billionaire Carl Icahn’s …

Billionaire Carl Icahn Reaps $60 Million as Trump Adviser
May 25, 2017 – 6:00 pm | No Comment

by Mario Parker (Bloomberg/Southwest Farm Press)  Government work has paid off handsomely for billionaire Carl Icahn.  CVR Energy Inc., his oil refining company, saved about $60 million in the first quarter because of expectations that …

Ethanol and Biodiesel: Dropping Below the Production Cost of Fossil Fuels?
May 19, 2017 – 12:01 pm | No Comment

by Jim Lane (Biofuels Digest)  … As you can see from the hard data, the production cost for ethanol today is $1.22 per gallon, which translates to $51.24 per barrel. Now, on an energy basis — …

Senators Call on SEC, EPA, CFTC to Investigate Trump Advisor Carl Icahn for Possible Insider Trading, Market Manipulation in Renewable Fuel Credit Market
May 18, 2017 – 2:29 pm | No Comment

(Office of Senator Elizabeth Warren)  U.S. Senators Elizabeth Warren (D-Mass.), Debbie Stabenow (D-Mich.), Tom Carper (D-Del.), Sherrod Brown (D-Ohio), Sheldon Whitehouse (D-R.I.), Tammy Baldwin (D-Wis.), Tammy Duckworth (D-Ill.), and Amy Klobuchar (D-Minn.), called on the …

Business and Consumers Will Both Lose if Renewable Fuel Standard Is Changed
May 8, 2017 – 8:29 pm | No Comment

by Max McBrayer (The Hill/RaceTrac Petroleum)  …   My perspective comes from over 30 years in the fuels business. Currently, I am chief supply officer of RaceTrac Petroleum, a fuel retailer and operator of more than …

Icahn’s Oil Refiner Reports Plunge in Biofuels Bill in First Quarter
April 28, 2017 – 2:12 pm | No Comment

by Jarrett Renshaw and Chris Prentice  (Reuters)  Biofuels compliance expenses for CVR Energy’s refining unit fell to the lowest level in almost five years during the first quarter, the company said on Thursday, as the …

Capitol Crude: The US Oil Policy Podcast–Oil Refiners and Renewable Fuels in the Trump Era
April 24, 2017 – 3:35 pm | No Comment

by Brian Scheid and Meghan Gordon (Platts)  Have refiners’ hopes for a quick rollback of the US biofuel mandate by the Trump administration fizzled out? The industry judged two early appointments as signs of the president’s …

As OPEC Falls, What Is the Liberated Market Signaling to Producers?
March 22, 2017 – 11:49 am | No Comment

by Jim Lane (Biofuels Digest)  …  There’s a theory going around that biofuels are “government fuels” — and prices are set around a table in Washington, DC. But if you visit the big biodiesel and …

RNG, Cellulosic Fuels and the Renewable Fuel Standard
March 7, 2017 – 7:06 pm | No Comment

by Susan Olson (BioCycle Magazine)  Because of an all-time high waiver credit value paired with strong advanced RIN prices, renewable natural gas could fetch $35/MMBtu in 2017. Since 2009, the U.S. Environmental Protection Agency has mandated …

Growth Energy Releases New Analysis on Reasons Why Not to Change the Renewable Fuel Standard PO
March 3, 2017 – 6:43 pm | No Comment

(Biofuels International)  Growth Energy has released economic analysis that it says “identifies numerous problems” associated with changing the Renewable Fuel Standard (RFS) point of obligation.
The US ethanol trade body strongly supports EPA’s proposed denial to move …

RINs Plunge to 14-Month Low Following EPA Regulation Freeze
January 27, 2017 – 11:22 am | No Comment

(Platts)  Renewable Identification Numbers traded at 14-month lows Wednesday following news that the Environmental Protection Agency will delay implementation of 30 regulations until March 21, despite industry groups saying 2017 blending mandates are unlikely to …

Want to Drain the Swamp? Start with the Renewable Fuel Standard
January 13, 2017 – 1:50 pm | No Comment

by David Williams (The Gilmer Mirror)  Incoming President Donald Trump’s promise to “drain the swamp” is getting an early test from one of his closest friends.
Billionaire investor and Trump confidant Carl Icahn is requesting changes …

Biofuel Producers Back Renewable Credit Trading Transparency
January 4, 2017 – 12:00 pm | No Comment

by Brian Dabbs (Bloomberg)  Recent criticism of secrecy and alleged manipulation in biofuel credit trading, delivered by a top adviser to President-elect Donald Trump, is striking a chord among ethanol and other renewable fuel producers.
Those producers …

Don’t Change the RFS Point of Obligation
December 23, 2016 – 6:40 pm | No Comment

by Mark Griffin  (Pro Petroleum/Real Clear Energy)  … Moving the point of obligation eliminates our ability to compete and gives major refiners a significant unfair advantage over small businesses in small markets across the country. Liquidity and …

A Few Reasonable RIN Ideas
December 22, 2016 – 7:45 pm | No Comment

by  John Campbell (Ocean Park Advisors) The RINs market would be improved with timely blend targets and compliance reporting, increased transparency and trading limits.  —  …  Although it might reduce undesirable trading practices, moving the …

Economists Examine RVO Impact on Conventional, Advanced Biofuels
December 12, 2016 – 3:45 pm | No Comment

by Susanne Retka Schill (Ethanol Producer Magazine)  Two central questions arise when considering biofuels consumption through 2022, write University of Illinois ag economists Scott Irwin and Darrel Good: “When will domestic consumption of ethanol reach …

AgMRC Looks at Drivers behind High Ethanol Blending
November 14, 2016 – 5:52 pm | No Comment

by Susanne Retka Schill (Ethanol Producer Magazine)  The economic drivers behind recent higher ethanol blending rates were examined by Iowa economic researcher Sampath Jayasinghe in the Renewable Energy Report  from the Iowa Agricultural Marketing Resource …

Big Oil Companies Reap Windfall From Ethanol Rules
November 7, 2016 – 4:48 pm | No Comment

by Bradley Olson  (Wall Street Journal)  Some refiners stand to rake in $1 billion by selling fuel credits, while others must spend millions to comply  —  Environmental regulations designed to boost the amount of ethanol blended …

Murphy USA: A Misunderstood Model – Weitz Investment Management
November 7, 2016 – 2:53 pm | No Comment

(Value Walk)  Murphy USA is the largest stand-alone fuel retailer in the United States. The majority of its stores are located adjacent to a Wal-Mart, and they pursue a low-cost, high-volume model. —  …  Lastly, …

What’s Up with RINs Prices?
October 7, 2016 – 2:39 pm | No Comment

by Scott Irwin (Farm Doc Daily/University of Illinois at Urbana-Champaign)  RINs prices have been making headlines in recent months, with prices at times crossing the psychologically important $1 per gallon mark. Echoing earlier complaints (farmdoc …

U.S. Files Complaint, Announces Settlement to Address Alleged Renewable Fuel Standard Violations by NGL Crude Logistics and Western Dubuque Biodiesel
October 5, 2016 – 11:41 am | No Comment

(Environmental Protection Agency)  The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice today announced the filing of a complaint against NGL Crude Logistics, LLC and Western Dubuque Biodiesel, LLC and a settlement …

“The Myth of High RIN Prices As Proof of the Blend Wall”: New Report
October 4, 2016 – 10:37 am | No Comment

by Jim Lane (Biofuels Digest)  In Washington, the Biotechnology Innovation Organization released the new white paper, “The Myth of High RIN Prices As Proof of the Blend Wall,” analyzing data recently released by EPA on …

It’s Time to End the Myth That High RIN Prices Prove Existence of the Blend Wall
October 4, 2016 – 10:06 am | No Comment

by Brent Erickson (Biotechnology Innovation Organization/Biofuels Digest)  …  Data recently released by EPA refutes the widely held assumption that reaching and exceeding the blend wall caused the 2013 rise in RIN prices. This newly available …

Will Changing the Point of Obligation Improve the RFS?
September 29, 2016 – 5:44 pm | No Comment

by John Campbell (Biodiesel Magazine/Ocean Park Advisors)  The U.S. EPA has set off a debate within the petroleum industry by suggesting that the point of obligation for compliance with the renewable fuel standard (RFS) be moved …

Trump Biofuel Proposals Echo Those of Backer Icahn
September 17, 2016 – 1:41 pm | No Comment

by Chris Prentice (Reuters)  Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl …

Refiner Cuts Costs, Offers Buyouts as Ethanol Credits Rise
September 9, 2016 – 11:29 am | No Comment

by Barbara J Powell (Bloomberg)   …  RINS aren’t the real problem for the Philadelphia refinery, Robert Campbell, head of oil products research for London-based Energy Aspects, said in a telephone interview today.
“East Coast refiners are …

Blog: Competing with Sub $50 Oil – a Strategy for Biofuels
September 3, 2016 – 9:41 am | No Comment

by Irshad Ahmed  (Lee Enterprises Consulting/Biofuels International)  If bioenergy represents a sustainable energy future for the planet, then why must it compete with oil prices to be deemed a feasible energy alternative for the society?
The answer …

Where’s Butanol, or Other Substitutes for Gasoline besides Ethanol?
August 26, 2016 – 9:21 am | No Comment

by Jim Lane (Biofuels Digest)  … Is there some fundamental reason that the automotive biofuels people haven’t shifted to butanol or iso-butanol or some other compound that would be more compatible with gasoline and the present …

Feature: Could a RINs Market Probe Fuel RFS Reforms?
August 25, 2016 – 5:37 pm | No Comment

by Brian Scheid and Herman Wang (Platts)  Growing pressure for a federal probe of the opaque market underpinning the Renewable Fuel Standard could bolster efforts to dramatically reform the landmark biofuels policy.
Earlier this month, billionaire investor …

Another Billionaire Bailout?
August 25, 2016 – 2:10 pm | No Comment

by Brooke Coleman (Bloomberg/Advanced Biofuels Business Council)  … (Carl) Icahn’s ask is pretty simple. He wants the EPA to change the rules midstream to relieve his petroleum refining assets of their obligations.

The RFS, for its part, …

The RINferno, as It Burns up America’s Venture into Advanced Biofuels
August 19, 2016 – 7:46 am | No Comment

by Jim Lane (Biofuels Digest)  … There’s a separate category of RINs for advanced biofuels. These are fuels that have at least a 50% reduction in fossil fuels compared to 2005 baseline gasoline. Overall, to qualify …

RINferno
August 17, 2016 – 10:26 am | No Comment

by Jim Lane (Biofuels Digest)  Let me see if we got this right. Donald Trump loves the Renewable Fuel Standard  —   Carl Icahn loves Donald Trump   —   Therefore, Carl Icahn hates the Renewable Fuel Standard
With that, …

Viewpoint: Run on the RINs Bank This Year
August 15, 2016 – 11:38 pm | No Comment

(Argus Media)  The bank of carryover RINs used to comply with US renewable fuel mandates faces a draw of nearly 500mn RINs this year to meet a stiff blend requirement of 10.1pc of the country’s …

EPA, CFTC Asked to Investigate Alleged Manipulation in Biofuels Market
August 1, 2016 – 8:10 pm | No Comment

by Alex Guillén (Politico Pro)  The Renewable Fuels Association today asked the Commodity Futures Trading Commission and EPA to investigate whether anyone is manipulating the market for a key biofuels compliance credit to drum up …

Valero Says RFS Compliance Costs Are Soaring; Renewable Industry Snaps Back “Poor Capacity Planning”
August 1, 2016 – 6:57 pm | No Comment

by Jim Lane (Biofuels Digest)  In Texas, Reuters is reporting that “Valero Energy expects to get hit with a half-billion-dollar bill in the second half of the year” and the news agency attributed the costs …

Prices of U.S. Biofuels Credits Jump on Supply Worries
June 30, 2016 – 12:36 pm | No Comment

by Chris Prentice and Jessica Resnick-Ault (Reuters)  Prices of U.S. biofuels compliance credits jumped in early trade on Wednesday as worries mounted over potential supplies after Goldman Sachs Group signaled potential tightness next year on …

Two Florida Men Plead Guilty to Multi-State Biodiesel Fraud Scheme
June 27, 2016 – 3:08 pm | No Comment

(U.S. Department of Justice)  Thomas Davanzo, of Estero, Florida, and Robert Fedyna, of Naples, Florida, pleaded guilty today for their participation in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling …

The Annual Battle for Renewables
June 17, 2016 – 5:34 pm | No Comment

by Bob Dinneen (The Hill)  … It’s worth recalling why a bipartisan coalition of policymakers, including President George W. Bush, worked together in 2007 to expand the Renewable Fuel Standard (RFS), which requires oil companies to …

Valero Presses EPA for RFS Change
June 14, 2016 – 11:27 am | No Comment

(Argus Media)  US Environmental Protection Agency administrators should shift the burden of US biofuel blending mandates closer to retail stations, US independent refiner Valero said today.
The company, one of the largest US producers of both …

Ethanol Blending Pressures Already Shrinking Refiner Margins
May 16, 2016 – 5:42 pm | No Comment

by Laura Blewitt  (Bloomberg)  Federally mandated ethanol blending is adding extra pressure to the faltering profits of U.S. refiners.
The worst crude oil downturn in a generation, which at first helped refiners’ profits, has now passed through …

Make Haste with Waste
April 8, 2016 – 12:08 pm | No Comment

by Jim Lane (Biofuels Digest)  … (W)hen you compare them to homogenized, uniform, high-yield, purpose-grown energy crops. residues may be queer, but they are here. Not only available, but reliable, you can count on the …

OPIS Publishes Renewable Fuels Supply Supplement
March 3, 2016 – 4:53 pm | No Comment

(OPIS)  The Renewable Fuels Supply Supplement is the first publication in the OPIS Market Trends series and is now available! This supplement is designed to analyze, educate and inform the global downstream industry of the …

A Model of State and Federal Biofuel Policy: Feasibility Assessment of the California Low Carbon Fuel Standard
March 3, 2016 – 2:02 pm | No Comment

by Adam Christensen, Benjamin Hobbs (Science Direct/Applied Energy)  Biofuel policy is under near constant review at both the federal and state level. For example, as part of on-going implementation of the California Low Carbon Fuel …

Think Crude’s Cheap? Biodiesel’s Going for Free in Some Places
February 2, 2016 – 7:08 pm | No Comment

by Laura Blewitt and Mario Parker (Bloomberg)  … Biodiesel’s become so cheap in the U.S. that some refiners are being paid to use it.  Midwest refiners are paying as little as 64.5 cents a gallon for the fuel …

Olden Days, Golden Days, and Golden Gripes
January 28, 2016 – 10:37 am | No Comment

by Jim Lane (Biofuels Digest)  … So, how fast did petroleum expand production, in comparison to low-carbon renewable fuels? … One thing is clear, renewable fuels are moving fast, by comparison. From 1866 through 1899 (a year …

Betting on Biogas Growth in 2016
January 26, 2016 – 5:15 pm | No Comment

by Amanda Bilek (Biomass Magazine/Great Plains Institute) …   In the summer of 2014, the USDA released the Biogas Opportunities Roadmap. The release of this roadmap marked the first time that federal agencies made a public commitment …

Octane’s Liquid Diamonds: The Secret Value of Ethanol
January 26, 2016 – 11:50 am | No Comment

by Jim Lane (Biofuels Digest)  Is ethanol really worth $3.81 for the octane but costs only $1.39 on the market? How could that be?  Math majors around the country are frequently perplexed by this one. If …

Pushmi-Pullyu: How Do Carbon Prices and Fuel Mandates Work Together in Breaking through a Fossil Fuel Monopoly? Or, Do They?
January 12, 2016 – 10:54 am | No Comment

by Jim Lane (Biofuels Digest)  Sometimes, the set-up of the transition from fossil fuels is as pretty and impractical as Dr. Doolittle’s Pushmi-Pullyu. The Digest investigates.  —  … For example, a renewable fuel does not qualify …

The 7 Flying Reindeer: Renewable Fuel Myths that Continue to Defy Gravity
December 23, 2015 – 11:01 am | No Comment

by Jim Lane (Biofuels Digest)  Food vs Fuel, biofuels causing corn planting to skyrocket, low oil prices killing off renewable fuels, the subsidy myth, the emissions myth, the “people won’t buy the fuels” myth, and …

EPA’s Contradictory Rule Is a Gut Punch to Advanced Biofuels
December 10, 2015 – 11:10 am | No Comment

by Brent Erickson (Biofuels Digest/Biotechnology Industry Organization) After a painful and damaging two-year delay, the Environmental Protection Agency (EPA) last week published Renewable Fuel Standards (RFS) for 2014, 2015 and 2016. Unfortunately, the agency finalized a …

RINs Behavior after EPA Rule Shows Ethanol-Biodiesel Relationship
December 9, 2015 – 11:10 am | No Comment

by Susanne Retka Schill (Ethanol Producer Magazine)  The release of the U.S. EPA’s final rulemaking for the renewable fuel standard (RFS) was a shock to the RINs market—the renewable identification numbers used by obligated parties …

RINs Gone Wild? (round 2)
December 7, 2015 – 4:05 pm | No Comment

by Scott Irwin and Darrel Good (FarmDocDaily)  The EPA released the final rulemaking for 2014-2016 RFS standards on Monday, November 30. This release follows preliminary rulemaking released on May 29 of this year. Figures 1 …

Sit on the RINs
November 16, 2015 – 12:12 pm | No Comment

by Jim Lane (Biofuels Digest)  … The US Environmental Protection Agency has discovered the following way of interpreting Energy Independence and Security Act.  To wit, if the transportation fuels supply chain — controlled by guess whom …

8 Ways around the Big, Bad Oxygen Problem in the Advanced Bioeconomy Parts 1 and 2
October 14, 2015 – 10:34 am | No Comment

by Jim Lane (Biofuels Digest)  In the terrestrial world, oxygen is colorless, odorless, and try to get through an hour without some.  In the Bioeconomy Cinematic Universe, oxygen is harder than steel, heavier than a …

Irwin, Good Analyze Ethanol, Biodiesel RINs Relationships
September 28, 2015 – 2:01 pm | No Comment

by Susanne Retka Schill (Ethanol Producer Magazine)  Ethanol D6 RIN prices have stayed relatively stable over the summer while D4 biodiesel RINs prices plummeted, Illinois economists Scott Irwin and Darrel Good point out in a recent …

That Blend Wall Buster, Renewable Natural Gas: The Digest’s 2015 8-Slide Guide
August 19, 2015 – 10:05 am | No Comment

by Jim Lane (Biofuels Digest)  If the outlook on cellulosic biofuels is relatively bullish in 2015 compared to 2014 — Last year, there were 33.0 million RINs generated for cellulosic biofuels; this year 36.9 million …

Industry’s Withering Critique of EPA’s Renewable Fuel Standard Proposals for 2014, 2015, 2016: The Digested Version
July 31, 2015 – 2:25 pm | No Comment

by Jim Lane (Biofuels Digest)  Heard dire comments like “POET expects to stop all future U.S. cellulosic investments if EPA’s proposed base renewable fuel requirements are not strengthened.”  Want to understand the substantive concerns on …

EPA Begins Publishing Annual Data on RIN Sales, RIN Holdings
July 17, 2015 – 1:47 pm | No Comment

by Erin Voegele (Ethanol Producer Magazine)  In early July, the U.S. EPA released renewable identification number (RIN) sales data aggregated by renewable fuel standard (RFS) party type for the first time. The newly released data …

US EPA Unveils New Data for RIN Sales
July 10, 2015 – 2:44 pm | No Comment

(Platts)  The US Environmental Protection Agency on Tuesday released, for the first time, data aggregated by the type of organization selling or holding the credits used to demonstrate compliance with the Renewable Fuel Standard.
EPA said …

4 Minutes with… Jeff Hove, Vice President, RINAlliance
July 3, 2015 – 1:27 pm | No Comment

by Jim Lane (Biofuels Digest) … The program serves almost 200 petroleum marketers that bring renewable fuels to the public across the U.S. Our software based programs decrease compliance burdens (RFS and LCFS) and increase the …

Ethanol for All, And Then Some
July 2, 2015 – 5:59 pm | No Comment

by Robert Rapier (Investing Daily)  … If less fuel is being produced than the mandated level, it drives up the price of the RIN and in theory increases the incentive to produce the fuel (which is …

EPA Hearings on Renewable Fuel Standard: Testimony of Geoff Cooper, Senior Vice President at the Renewable Fuels Association
June 26, 2015 – 10:13 am | No Comment

(Biofuels Digest)  Good morning, my name is Geoff Cooper and I am representing the Renewable Fuels Association.  By any measure, the RFS has been a tremendous success. It has stimulated growth in biofuel production, revitalized …

In Blow to Big Oil, EPA Says Oil Refiners Recover RINs Costs
June 16, 2015 – 11:53 am | No Comment

by Chris Prentice (Reuters)  Oil companies ultimately recover their costs of complying with the U.S. biofuels program, according to an Environmental Protection Agency (EPA) analysis that marks the regulator’s clearest challenge yet to a key …

U.S. Buyers Scoop up Brazilian Ethanol Amid RIN Revival
June 16, 2015 – 11:37 am | No Comment

by Chris Prentice (Reuters)  Oil traders are rushing to import ethanol from Brazil for the first time this year after U.S. regulators moved to increase use of advanced biofuel, opening a wide spread in the …

Proposed RVO Raises Multiple Questions for Illinois Economists
June 15, 2015 – 11:11 am | No Comment

by Susanne Retka Schill (Ethanol Producer Magazine)  The U.S. EPA’s May 29 proposed renewable volume obligations (RVO) is under scrutiny by University of Illinois economists in recent FarmDocDaily posts.
Jonathan Coppess examines the argument that EPA …

New Statistical Analysis: Retail Gas Prices Unaffected by Renewable Fuel Standard RIN Credits
May 26, 2015 – 5:33 pm | No Comment

(Renewable Fuels Association)  Retail gasoline prices from 2013 through the first quarter of 2015 were unaffected by prices for “RIN credits” (Renewable Identification Numbers) that are used to demonstrate compliance with the Renewable Fuel Standard …

Renewable Fuels Association Urges EPA to Get ”Back on Track” with Renewable Fuel Standard
May 26, 2015 – 5:24 pm | No Comment

by Jim Lane (Biofuels Digest)  In Washington, the Renewable Fuels Association (RFA) submitted comments today to the U.S. Environmental Protection Agency (EPA) expressing support for a proposed legal agreement that sets specific deadlines for establishing …

TruMarx Intro’s Biodiesel, RINs Transaction Capability on COMET
January 14, 2015 – 5:00 pm | No Comment

(TruMarx Data Partners Inc.)  TruMarx Data Partners Inc., the creator of COMET, an on-demand platform for custom bilateral OTC transactions, announced the introduction of biodiesel and RINs transaction capability.
COMET now supports direct bilateral transactions for …

The 5 Most Maddening Myths about Corn and Ethanol
January 12, 2015 – 2:33 pm | No Comment

by Jim Lane (Biofuels Digest)  Food vs Fuel, emissions, cost competitiveness, and RINsanity. Some of the most unfair bricks hurled at corn starch-based ethanol — and here’s why. …
In the field of renewable fuels, there’s …

Gasoline Price Plunge in U.S. Slowed by Higher Ethanol Costs
January 8, 2015 – 7:25 pm | No Comment

by Mario Parker (Bloomberg BusinessWeek)  The biggest plunge in U.S. gasoline prices since 2008 is slowing as higher ethanol boosts the cost to make the motor fuel.  Ethanol futures surpassed gasoline last month for the first …

Biofuels and the Oil Price, Gloomy Gus, Energy Bear, Express Train to Mood Hell
January 7, 2015 – 11:53 am | No Comment

by Jim Lane (Biofuels Digest)  Oil prices are down, energy stocks are plunging, and the investor mood is giving Lord of the Flies a run for its money for mix of peril, fantasy and pessimism. …

Q-RINs Emerge in the Renewable Fuels Market
December 29, 2014 – 6:58 pm | No Comment

(Genscape/Biodiesel Magazine)    After the U.S. EPA’s final Quality Assurance Plan rule established a new, unified QAP program over the summer, Q-RINs have been successfully transferred in the RIN market. “[In December] we received confirmation …

Does the Oil Glut Spell DOOM, GLOOM or BOOM for Alternative Fuels?
December 16, 2014 – 12:30 pm | No Comment

by Jim Lane (Biofuels Digest)  How does $60 oil impact payback for natgas or hybrid electric vehicles, and cellulosic biofuels?  The going assumption is that low oil prices are bad for alternative fuels — but …

Liquid CO2, or Liquid Gold? Maybe Both, as Aemetis Adds CO2 Liquefaction at Its Keyes, CA Plant
October 28, 2014 – 10:54 am | No Comment

by Jim Lane (Biofuels Digest)  … To Aemetis, a route to improved margins that will also help the environment. Here’s how.
News arrives from Aemetis, via its latest SEC filings, that the company has “entered into …

Congressional Budget Office Says RFS Could Result in $6.00 per Gallon Credits for Advanced Biofuels
October 27, 2014 – 10:07 am | No Comment

by Jim Lane (Biofuels Digest)  How does the Congressional Budget Office look at biofuels and the Renewable Fuel Standard?
How does $3.00-$6.00 advanced biofuels RINs? A $0.26 per gallon hike in gasoline prices? A $1.27 drop …

Genscape Suggests 75 Million Xellulosic RINs Possible in 2014
October 2, 2014 – 2:35 pm | No Comment

by Susanne Retka Schill (Ethanol Producer Magazine)  Cellulosic ethanol production could contribute up to 9 million cellulosic D3 renewable identification numbers (RINs) in 2014, if active plants achieve full capacity in the last four months …

DuPont Industrial Biosciences Selects Murex LLC as Marketing Partner for Cellulosic Ethanol
September 18, 2014 – 2:17 pm | No Comment

(PR WEB)  DuPont Industrial Biosciences (DuPont) today announced the selection of Murex LLC to market the cellulosic ethanol produced from its 30-million-gallon-per-year plant in Nevada, Iowa. Upon completion, the facility will be the largest cellulosic …

Rolling Back the Write Down of the Renewable Mandate for 2014: The RINs Market Rings the Bell Again
August 12, 2014 – 2:56 pm | No Comment

by Scott Irwin (University of Illinois)  The EPA is apparently going to finalize 2014 RFS rules in the near future.  This will at least temporarily bring the tumultuous process to an end that started with …

Mid-Year RIN Update
August 7, 2014 – 2:02 pm | No Comment

by Nick Paulson (Farm Doc Daily/University of Illinois)   … However, D4 generation has rebounded substantially since February, averaging more than 227 million RIN gallons from March through June. Through June, a total of 1.209 billion D4 …

Time Has Come Today
June 17, 2014 – 1:24 pm | No Comment

by Ron Kotrba (Biodiesel Magazine)  The synergies between co-located ethanol and biodiesel production have been discussed for a decade. The existing infrastructure to share process essentials, an in-house feedstock in distillers corn oil (DCO), and use of …

Defusing the Cellulosic Bomb inside the Renewable Fuel Standard
May 27, 2014 – 5:41 pm | No Comment

by Jim Lane (Biofuel Digest)  Thought the 2014 volume debate over the Renewable Fuel Standard was tough enough?What about the ticking bomb inside the RFS — that could completely flat-line the value of cellulosic RINs …

RIN Stocks Part II – ‘Healthy’ Levels
April 24, 2014 – 4:24 pm | No Comment

by  Rob Johansson and Seth Meyer (FarmDocDaily/USDA) Building on the discussion of RIN pricing and stock holding (here) we explore what a ‘healthy’ RIN bank may look like, estimate RIN stocks for 2014. The availability of RIN stocks …

RIN Stocks Part I – Valuation
April 17, 2014 – 3:13 pm | No Comment

by Rob Johansson and Seth Meyer (USDA/FarmDocDaily)  … It is clear that the bankable (and borrowable) nature of RINs allow obligated parties to optimize their compliance costs over time.  In the past, pre-blendwall, it was relatively inexpensive to generate …

Will the EPA Reverse Itself on the Write Down of the Renewable Mandate for 2014? The Message from the RINs Market
March 4, 2014 – 5:51 pm | No Comment

by Scott Irwin (FarmDocDaily/University of Illinois)  … The purpose of today’s post is to show that the recent behavior of prices in the RINs market suggests the odds of the EPA reversing the proposed write down …

Cellulosic Ethanol, Once the Way of the Future, Is Off to a Delayed, Boisterous Start
November 13, 2013 – 4:54 pm | No Comment

by Steven Mufson (The Washington Post)  The “now hiring” sign is up online for Emmetsburg, Iowa, where the nation’s largest maker of ethanol used for motor fuel is putting the final touches on a manufacturing …

INSIGHT-Lord of the RINs? Vitol’s Ethanol Credit Bonanza
November 8, 2013 – 2:04 pm | No Comment

by Cezary Podkul (Reuters)  Swiss trading company Vitol SA is among the biggest beneficiaries of an opaque U.S.-government-mandated trading scheme established to help boost the share of ethanol in the nation’s fuel supply, market sources …

RIN Market Is Working Well To Enforce Biofuel Mandates, According To CARD Economists
November 7, 2013 – 6:51 pm | No Comment

(Center For Agricultural And Rural Development/PR NewsWire/Yahoo!Finance)  A new analysis by Iowa State University economists Bruce A. Babcock and Sebastien Pouliot of the EPA’s ethanol market system finds that it works effectively and as intended …

Biofuel Groups Seek to Intervene in Latest Legal Challenge to RFS
November 5, 2013 – 2:20 pm | No Comment

(Agri-Pulse)  The Renewable Fuels Association, Growth Energy and the Biotechnology Industry Organization filed Friday a motion with the U.S. Court of Appeals for the District of Columbia to intervene in a lawsuit filed by the …

U.S. Farm State Lawmakers Urge CFTC to Examine Volatile RINs Market
October 23, 2013 – 6:30 pm | No Comment

by Cezary Podkul (Reuters)  Thirteen U.S. lawmakers on Tuesday urged the derivatives market regulator to examine fraud and manipulation in the cash market for ethanol blending credits known as RINs, as political scrutiny of the …

Economist Examines $2 Billion Drop in Total RIN Market
October 15, 2013 – 6:59 pm | No Comment

by Susanne Retka Schill (Ethanol Producer Magazine)   What’s behind the plunge in renewable identification number (RIN) prices? University of Illinois economist Scott Irwin examined the question in another of his ongoing series of FarmDocDaily posts following …

Biofuel Blending Rules Won’t Raise Gas Prices | Commentary
October 2, 2013 – 11:44 am | No Comment

by Brent Erickson (Roll Call/Biotechnology Industry Organization)  … What’s really behind this year’s rapid rise in the price of RINs? And will their cost be passed to consumers at the pump?
A simple exercise in following the …

Grassley Asks EPA if Ethanol Credit Market Is Being Controlled by Wall Street
September 26, 2013 – 5:54 pm | No Comment

by Christopher Doering   (Des Moines Register)  As controversy swells over the cost of special credits tied to ethanol, Iowa Sen. Chuck Grassley asked the agency charged with overseeing the country’s renewable policy for details …

Chairwoman Stabenow Calls on CFTC to Review Possible Manipulation of Renewable Fuels Market
September 25, 2013 – 4:30 pm | No Comment

by Greg Akagi    (KansasAgNetwork)  Michigan Democratic Senator Debbie Stabenow, Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, today called on the Commodities Future Trading Commission to review recent allegations about possible …

Wall St. Exploits Ethanol Credits, and Prices Spike
September 16, 2013 – 4:11 pm | No Comment

by Gretchen Morgenson and Robert Gebeloff (The New York Times)  …But a little known market in ethanol credits has also become a hot new game on Wall Street.
…But many people believe that is what happened …

A Market in Desperate Need of Transparency
September 12, 2013 – 7:57 pm | No Comment

by Mike Lux (Huffington Post)  …If the 2009 financial crisis taught us anything, it’s that market manipulation and speculation is a recipe for disaster. Four years later, we don’t seem to have learned our lesson. …

Fixing Rufus: Congress, 2013 and the Renewable Fuel Standard
September 5, 2013 – 1:30 pm | No Comment

by Jim Lane (Biofuels Digest)  …Based on our industry sources, here’s an outline for a “change the RFS” outcome – what that might look like.   We see four key elements — ethanol, drop-ins, biodiesel and …

Renewable Fuels Are Wave of the Future
September 4, 2013 – 6:57 pm | No Comment

by Bob Dinneen (Renewable Fuels Association/Pottstown Mercury) I am writing in response to Senator Pat Toomey’s Op-Ed that ran in The Mercury entitled “Federal regulations threaten Pa. refineries.”
The Renewable Fuel Standard (RFS) is not threatening refiners …

Is Ethanol’s Number Up?
September 3, 2013 – 4:27 pm | No Comment

by Steve Everly  (Kansas City Star)  … Ethanol has so far reduced the need for petroleum in gasoline by about 7 percent, which no other alternative fuel has come close to doing.
But a shift is already …

Bad Ethanol Policy Is a Job Killer
September 3, 2013 – 3:30 pm | No Comment

by Patrick Meehan and Pat Eiding  (The Wall Street Journal)  The price of EPA compliance rose 3,625% since the end of 2012.

As a display of regulatory failure at its finest, current regulations place the compliance obligation …

US RINs Prices Continue Slump Despite Looming Blend Wall
August 29, 2013 – 4:42 pm | No Comment

(Platts)  US RINs prices continued to slide Wednesday, reflecting a widespread morning market selloff and despite a later bounce after US gasoline stocks data was released.
All current-year RINs assessments fell for the sixth time in …

U.S. Refiners, Plagued by RINsanity, See ‘Half Step’ on Biofuels
August 8, 2013 – 4:09 pm | No Comment

By Sabina Zawadzki (Reuters)  For U.S. refiners facing a multibillion-dollar bill linked to the soaring cost of renewable fuel credits, a U.S. move toward easing biofuel mandates brought to mind the first step in breaking …

US Ethanol Credits Soar to Fresh High
July 16, 2013 – 3:36 pm | No Comment

by Gregory Meyer (Financial Times)  …The credits, known as renewable identification numbers, jumped to a record $1.25 per gallon early on Monday, surpassing previous levels reached in March, according to Starfuels, a broker.
US federal law …

Refiners Backed Against E10 Blendwall
July 16, 2013 – 2:24 pm | No Comment

(American Fuel & Petrochemical Manufacturers/PR NewsWire)  The American Fuel & Petrochemical Manufacturers (AFPM) highlight the testimony of Valero Energy Corporation Chairman of the Board and Chief Operating Officer William R. Klesse who testified before the Senate Committee …

ANALYSIS-New EPA Rules Could Cripple Brazil-U.S. Ethanol Trading
July 15, 2013 – 7:02 pm | No Comment

by Cezary Podkul (Reuters/CNBC)  Importing cheap Brazilian ethanol into the United States could become much less profitable next year if a proposal by the Environmental Protection Agency to expand tough documentation and transportation rules to …

U.S. Ethanol RINs Reach Record Highs on Consumption Targets
July 11, 2013 – 1:11 pm | No Comment

by Mario Parker (Bloomberg)  Renewable Identification Numbers for ethanol rose to record levels on concern the U.S. won’t adjust consumption targets.
RINs, the credits that help the Environmental Protection Agency track whether refiners are meeting federal …

COLUMN-Biodiesel Could Ease U.S. “Blend Wall”: Wynn
July 8, 2013 – 12:40 pm | No Comment

by Gerard Wynn (Reuters)  Biodiesel could in future ease so-called ethanol “blend wall” concerns facing the U.S. transportation fuel industry, whose capacity to blend corn ethanol in gasoline is nearing its physical limit.
The biodiesel industry …

RIN Amounts Indicate Positive Trend for Biodiesel
June 27, 2013 – 4:12 pm | No Comment

by John Davis (DomesticFuel.com)  Environmental Protection Agency (EPA) figures for Renewable Identification Numbers (RINs) shows in 2.5 billion 2012 RINs across the biodiesel (D4), advanced (D5), and renewable (D6) categories. Of this total, just over …

Ethanol Outpaced by Gasoline on Concern Blend Wall to Cap Demand
May 6, 2013 – 1:39 pm | No Comment

by Mario Parker (Bloomberg)  …“The only thing that worries me is the gasoline demand category,” said Jason Ward, an analyst at Northstar Commodity Investments Inc. in Minneapolis. “It’s key because if you start fading on gasoline demand, …

CME, ICE Rivalry Enters Biofuel Arena
April 26, 2013 – 3:21 pm | No Comment

(Reuters/Chicago Tribune)  The battle between CME Group Inc. and the IntercontinentalExchange moves to the market for biofuel credits next month.
CME will launch contracts to trade renewable identification numbers (RINs) on May 13, two weeks after …