Latest Insight
Last Look - Oil settles nearly $2 higher, back above $80/Bbl
Latest Insight
Last Look - Oil settles nearly $2 higher, back above $80/Bbl
Renewable Identification Numbers (RINs)

Renewable Identification Numbers (RINs)

  • Renewable fuel is eligible to generate Renewable Identification Numbers (RIN) credits when it is produced with the intent to be used as transportation fuel, heating oil, or jet fuel in the contiguous 48 states and Hawaii;
  • Each RIN credit generated represents one ethanol-gallon equivalent of qualifying renewable fuel. These credits are used for compliance and are the “currency” of the Renewable Fuel Standard (RFS) program needed for blenders and refiners of fossil fuels to fulfill the EPA-specified Renewable Volume Obligations (RVOs); and
  • Renewable Fuel Standard requires blenders and refiners to annually purchase and retire RINs based on the volume of gasoline and/or diesel produced to satisfy their RVO requirement, which is calculated and established by the EPA annually. 

Learn more about RINs and the Renewable Fuel Standard here.

 

Not sure if your project qualifies for these programs? That’s okay.
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