Price of ethanol RINs on the upswing, trader says

02/21/2013 | Bloomberg Businessweek

The price of ethanol renewable identification numbers rose Thursday by 38% because of concerns that shrinking fuel demand and declining ethanol output will make it difficult to comply with the Renewable Fuel Standard, according to ethanol trader Starfuels. Blenders probably used 300 million of the 2.6 billion RINs available at the start of 2012 to comply with RFS targets last year, said Geoff Cooper, vice president for research and analysis at the Renewable Fuels Association. Demand for ethanol RINs could rise further this year as domestic output wanes because of the drought-induced spike in corn prices, Cooper noted.

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