ethanol plant in corn fields Jim Parkin iStock

RIN changes causing biofuel industry concern

Export-subsidy RIN could strip value of biofuel blending by flooding market with worthless credits.

Emerging media reports have revealed an effort by oil refiner Valero to encourage the Environmental Protection Agency to attach renewable identification numbers (RINs) to exported biofuels, primarily corn-based ethanol.

Ethanol industry supporters said this action would run counter to the Renewable Fuel Standard (RFS) statute and comes on the “heels of a misguided attempt by Valero, Carl Icahn and other merchant refiners to shift the obligated party under the RFS,” accordi

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