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My solution for the Illegal Rin Waivers. Part 1 History.
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JonSCKs
Posted 8/25/2019 20:58 (#7696974 - in reply to #7696881)
Subject: CCC Department of Ag to administer the Program.


In the memo, Perdue also said he would like to explore with EPA and DOE programs that would assist with infrastructure build-out for E15.

http://www.ethanolproducer.com/articles/16476/perdue-memo-shows-options-to-boost-ethanol-following-sre-outrage

RINs have collapsed since Pruitt started issuing the Illegal Waivers.. 





https://farmdocdaily.illinois.edu/2019/01/small-refinery-exemptions-and-e85-demand-destruction.html


Petroleum interests wanted a more manageable cost structure for RINs.  Again Before this month's Illegal Waviers were announced D6 RINs were trading.. around $0.20

RIN values drop 40% as US EPA announces 2018 Small Refinery Exemptions

https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/080919-rin-values-drop-40-as-us-epa-announces-2018-small-refinery-exemptions

Houston —  Conventional renewable fuel or D6 2019 Renewable Identification Numbers lost 40% of their value late Friday afternoon on reports the US Environmental Protection Agency was set to make an announcement on 2018 Small Refinery Exemptions, sources said before the details were made public at 5 pm CT.

The EPA reported that 31 SREs would be granted for 2018, with 6 petitions denied.

D6 RINs began the day trading at 20 cents/RIN, were assessed at 19.75 cents/RIN at 1:30 pm CDT before falling and were heard trading as low at 12 cents/RIN.

Assuming that D6 RINs will return to a target around $0.20.. The CCC or DOE or EPA can administer a program whereas it issues a CERTIFIED Quantity of Blended Ethanol gallons as submitted by Retailers into RFS Obligated Parties.  In return generated funds can be disbursed to Qualifying Retailers who have installed Blender pumps for the program.

I think it's an idea which has merit.

Another planned meeting at the White House on Monday will focus on whether to change biofuel policy. A new oil-industry study basically supports the ethanol industry&#039;s claim that a waiver on RIN credits is a limit on demand. <b></b>(DTN file photo<b></b>)

https://www.governorsbiofuelscoalition.org/oil-industry-study-makes-ethanol-industrys-case-on-motive-impact/



Edited by JonSCKs 8/25/2019 21:07
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