The Nations Renewable Fuel Standard requires billions of gallons of renewable fuel to blended with gasoline and diesel within the transportation sector each year. Obligated parties can either choose to blend renewable fuels in with the fuel they produce, or purchase RINs on the open Market.
A renewable identification number (RIN) is used for compliance and is the “currency” of the RFS program. Three large, obligated parties have taken the position of “betting” on the RIN market over the past two years, banking on the prospect of lower RIN Prices in the future. Over this time, compliance obligations to ballooned to $2.3 million at the end of the third quarter in 2021.
Fourth quarter financial reporting shows PBF Energy and Delta Air Lines worked to reduce their debt, while CVR Energy added to theirs. All three companies were hoping RIN…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...