D4 biomass-based diesel renewable identification numbers retreated 4 cents in value this week on speculation this year's finalized Renewable Volume Obligation under the Renewable Fuel Standard from the Environmental Protection Agency would be delayed until after midterm elections in November.
"With new rumors being talked that RFS (final 2014 RVO) won't come out until November to December, some feel values could dip a bit in the meantime, but I still believe we remain fairly range-bound," a biodiesel broker said midweek.
This year's RVO, due by law to be finalized by Nov. 30 of the prior year, is now 8 1/2 months late.
D4 RINs, the credits used to comply with annual RVO, were last heard traded at 53 cents and talked at 52.5 cents, down 4 cents on the week.
Myke Feinman can be reached at email@example.com.
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