30 Jan '17, 1pm

"Biofuel Credits Plummet as Trump Freezes EPA Regulations"

"Biofuel Credits Plummet as Trump Freezes EPA Regulations"

Prices for credits used by refiners to show compliance with the U.S. biofuel mandate plunged after President Donald Trump’s administration ordered a freeze and review of 30 environmental regulations published before he assumed office. A Jan. 20 memorandum from Trump, entitled “Regulatory Freeze Pending Review” and made public Tuesday, ordered the Environmental Protection Agency to temporarily delay any regulations published in the Federal Register between Oct. 28, 2016, and Jan. 17. The Renewable Fuel Standard , which covers the ethanol mandate, is among them. Renewable Identification Numbers (RINs), tracking compliance with 2017 ethanol consumption targets, plummeted 23 percent to 46 cents a piece on Wednesday, the lowest since November 2015, broker data compiled by Bloomberg show. The credits are attached to each gallon of biofuel. Once a refiner blends ethanol or biodie...

Full article: http://www.renewableenergyworld.com/articles/2017/01/biof...

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