Insight

Where do RIN obligations belong?

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Report summary

The point of obligation for renewable fuel credits has been hotly debated and even rumoured to be changing in recent news. Refiners have complained that the burden is too high and are pushing hard for a move, while the Obama EPA and other groups have taken the other side. In this insight we explore the background, economics, and costs of the current situation along with the benefits and drawbacks of moving the obligation downstream.

What's included

This report contains

  • Document

    Where do RIN obligations belong.pdf

    PDF 1007.41 KB

Table of contents

    • Objectives and legislation
    • Important legislative points
    • Process and calculation for RVOs
    • Obstacles- Cellulosic
    • Obstacles- Blend wall
    • Industry petitions
    • Pass-through costs
    • Biodiesel RIN vs. Ethanol RIN
    • Refinery yield shift
    • Who pays
    • How much do RINs actually cost refiners?
    • Scenario 1: Status quo- refiners obligated
    • Scenario 2: Point of obligation moved to blenders
    • Scenario 3: Point of obligation and point of generation moved to retail
    • Scenario Summary
  • Will it shift?

Tables and charts

This report includes 7 images and tables including:

Images

  • RFS initial targets by category
  • Fuel ethanol in gasoline pool
  • Refinery supply vs. blender demand- Gasoline blendstocks
  • Refinery supply vs. consumer demand- Diesel
  • Illustrative cost comparison
  • After pass-through refinery costs
  • Obligation vs Generation

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