The market for renewable credits strengthened Friday, with D6 Renewable Identification Numbers for 2013 up 4 cents at 62 cents while 2014 D6 RINs traded 5 cents higher at 57 cents before being offered at 61 cents.
The rally was driven by rumors the Environmental Protection Agency may raise the Renewable Volume Obligation needed to comply with RFS for 2014 from their November 2013 proposal. In November, EPA proposed cutting the D6 renewable fuel nested category from 14.4 billion gallons stated by statute to 13.0 billion gallons.
Two sources said "the EPA may alter the RVO on ethanol RINs by 400 million or more but leave the advanced and bios unchanged." EPA signaled it may not finalize 2014 RVO by today's deadline.
George Orwel can be reached at firstname.lastname@example.org
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