Biodiesel Activity

RIN Outlook D3/D4/D5

RINs look to be in a fairly comfortable position after the October EMTS numbers were released. There is likely to be an excess of D4 RINs should production continue at its average monthly total for November and December. Average RIN production for the year, for the D4 category, is 230.4 million per month. The current 4-month average is 269.2 million, so barring a sharp slowdown, there should…