May 13, 2020 11:50 am
Published by friendlyadmin
All the good things come in threes: the Three Amigos, the Hunger Games trilogy, three-for-one specials. I’m sure there’s more but, you get the picture. When the Renewable Fuel Standard (RFS) mandated the requirement of obligated parties to fulfill their obligation by retiring RINs, it created a market where RINs can be bought and sold among RFS participants. Driving this market are the annually-set Renewable Volume Obligations (RVOs), which can increase an obligated party’s need for RINs. In case you have no idea what that means, an obligated party incurs an obligation from the type of business activity they perform.... Read More →
May 13, 2020 11:50 am
Published by friendlyadmin
After reading the title to this article, I suppose you’re expecting to see a lot of regulatory and legal hieroglyphics. Plot twist. I’m going to explain the regulatory purpose of the Renewable Volume Obligation (RVO) in a way that makes sense and can include you in the industry conversation like the cool kid you are. #trendworthy. So what is the RVO and why should you care? Overall, the Renewable Volume Obligation is the volume of renewable fuel, in gallons, that must be blended to produce transportation fuel. On an individual level, the RVO is the regulatory duty (obligation) an importer... Read More →
May 13, 2020 11:49 am
Published by friendlyadmin
What the heck is a RIN? How does the Renewable Fuel Standard actually work? When I first started with RINAlliance, I remember thinking it sounded like having an imaginary friend: beneficial sure, but people looked at you funny when you talked about it. To this day, my parents aren’t sure what I do is real, but since I’m not living out of their basement, they’re fine with it. #millenialproblems. I only have two pages, so I have to dive right in. The Renewable Fuel Standard (RFS) was the grandchild of the much bigger and more well-known Clean Air Act from... Read More →