After four years of the Trump administration’s often-chaotic approach to the Renewable Fuel Standard (RFS), many in the biofuels industry were hoping President Joe Biden would bring a level of stability and support to the program.
Each year, attendees of OPIS’s RFS, RINs & Biofuels Forum come to the event looking for answers about biofuel markets and the government’s approach to the Renewable Fuel Standard (RFS) program.
Be on the lookout for some befuddled refining analysts and disappointed investors as public refiners disclose their first quarter earnings in the next 30 days.
You need more than just a NYMEX or ICE futures’ screen to keep pace with petroleum prices, based on the first 22 business days of 2021. Crude oil prices sprinted out of the gate in the first full week of the new year, but prices for Renewable Identification Number (RIN) credits, bean oil, and even ethanol occupied much of the downstream fuel limelight in subsequent sessions.
The idea of revising the Renewable Fuel Standard (RFS) to operate more like the Low Carbon Fuel Standard (LCFS) appears to be getting a fresh look.