U.S. Ethanol RINs Reach Record Highs on Consumption Targets
This article is for subscribers only.
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 biofuel-use mandates, jumped 10 cents to $1.15 for grain-based ethanol and 8 cents to $1.18 for advanced RINs, which cover biodiesel and Brazilian sugarcane-based ethanol, data compiled by Bloomberg show.