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Ethanol Blog
Myke Feinman Refine Fuels Reporter
Fri Sep 12, 2014 11:30 AM CDT

D4 2014 biomass-based diesel Renewable Identification Numbers traded at 49.0 cents this morning, down 3.0 cents on the week.

"The value of those RINs does erode over time if nothing else changes," said Jerrod Kitt, strategist for the Linn Group in Chicago, Illinois.

RINs are the credits used to comply with the annual Renewable Volume Obligation. Obligated parties are near their RIN targets for the year, Kitt explained. The proposed 2014 biomass-based diesel RVO is 1.28 billion gallons. As of July, the industry produced 963 million gallons, 75% of the target.

"The delay in (the final) RVO seems to be ...

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