What is the Renewable Fuel Standard (RFS)?
The Renewable Fuel Standard (RFS) is a federal program created by Congress to increase the use of renewable fuels in the U.S. transportation market. First established in 2005 under the Energy Policy Act and refined in 2007 through the Energy Independence and Security Act (EISA), the RFS uses Renewable Identification Numbers (RINs) to track and incentivize renewable fuel production and blending.
How do RINs work?
RINs represent gallons of renewable fuel. Obligated Parties—such as refiners and importers of petroleum products—must acquire and retire RINs to meet their compliance obligations. RINs are traded much like stocks, but instead of representing ownership, they fulfill regulatory requirements under the RFS.
Where does RINAlliance fit in?
RINAlliance has helped companies of all sizes understand their RFS compliance obligations and manage their RINs. With 20 years of experience, we provide:
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A secure, web-based platform for RIN management
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Comprehensive compliance and reporting services
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RIN marketing for competitive pricing and fraud protection
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Ongoing RFS expertise and technology support tailored to your business
With RINAlliance, navigating the complexities of the RFS and maximizing your RIN position becomes straightforward, efficient, and worry-free.
If you are interested in learning more about the RFS, visit our blog or contact us.