Elevated RIN prices may boost gasoline exports, exec says

03/13/2013 | Reuters

Some refiners may have to export more gasoline if the price of ethanol Renewable Identification Numbers keep rising, said Kevin Brown, senior vice president of refining at Lyondell Basell Industries. However, the Renewable Fuels Association says that oil companies are driving up the cost of RINs because of their unwillingness to buy more ethanol to comply with the Renewable Fuel Standard. RIN prices would go down if oil firms adopt E15, which is approved by the Environmental Protection Agency for use in 2001 vehicle model years and later, the RFA said.

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