The oil companies' continuing refusal to invest in E15 and higher ethanol blends is responsible for the recent run-up in the market price of Renewable Identification Numbers, according to Bob Dinneen, president and CEO of the Renewable Fuels Association. "They are choosing to go to the credit market because they would rather do that than invest in the infrastructure to provide those other options to consumers," Dinneen said in an interview. Altering the RFS would not necessarily stabilize RIN prices, but it would definitely drive away investments in advanced biofuels, he said.

Related Summaries