Ethanol RIN Prices Near Four-Month High Amid 2014 Uncertainty
by Jordan Godwin (Platts) Current-year corn-based ethanol (D6) RINs were assessed at their highest level in nearly four months Monday on firming buying interest and continued uncertainty regarding the 2014 Renewable Fuel Standard, sources said.
RIN prices skyrocketed Thursday in reaction to a report that the US Environmental Protection Agency would not finalize the 2014 biofuels blending mandates in the RFS until the summer, instead of the spring, as it had previously stated in its proposed rule.
The EPA denied the report Thursday.
Refiners and importers — called “obligated parties” — use them to show the EPA that they have fulfilled their government-mandated use of renewable fuels. If the obligated party has not used enough physical product, it can buy RINs to satisfy the quota. READ MORE and MORE (Reuters) and MORE (Biofuels Digest)