Ethanol RIN Credits Jump 38% to 47 Cents, Starfuels Says
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The value of Renewable Identification Numbers for corn-based ethanol jumped on concern that biofuel production and gasoline consumption won’t be robust enough to meet U.S. targets.
Prices for RINs, the credits that help the government track whether refiners are meeting federal biofuel-use mandates, rose 38 percent to 47 cents today, according to Starfuels Inc., an ethanol broker in Jupiter, Florida.