11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
Unlike California’s LCFS credits, RINs have a relatively short shelf life, lasting roughly two years. The 2020 biodiesel RIN began trading shortly prior to the 2020 calendar year and has seen prices trade as low as 36.5 cents per RIN and as high as 82.5 cents. The 2020 ethanol RIN has experienced the same volatility, with pricing as low as 13.5 cent and as high as 59.5 cents.
The 2020 biodiesel and ethanol RINs both reached their high trading mark at the end of last week. RINs will rise to incentivize production. In the case of biomass-based diesel RINs, they will also increase in value to offset a rising bean oil/heating oil (BOHO) spread. The BOHO spread did climb during the week, raising 8.8 percent to $1.36 per gallon. The BOHO spread reached a four-week high.
RINs are at a near-term highs, but it is…