RINs Plunge, Industry Reacts to EPA’s ‘Disappointing’ Final RVO Volumes

RINs Plunge, Industry Reacts to EPA’s ‘Disappointing’ Final RVO Volumes

*Please Note – Bob Lane was out of the office today and will return on Friday, June 23, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*

Alexandra Chapman, Amanda Luhavalja

RIN prices fell off a cliff on Wednesday after the U.S. EPA released its final decision for the country’s biofuel blending requirements early this morning. The 2023-2025 Renewable Fuel Standard (RFS) volumes, or renewable volume obligations (RVOs), were set at 20.94 billion gallons for 2023, 21.54 billion gallons for 2024, and 22.33 billion gallons for 2025.
                                                       

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