National Ag News
Ethanol groups up in arms over supposed Cruz RIN cap proposal
Dec 18, 2017, 15:10 PM
by
System
Rumors of a proposed limit on Renewable Identification Number—or RIN—credits have ethanol groups up in arms.
American Coalition for Ethanol (ACE) CEO Brian Jennings tells Brownfield there are unconfirmed reports Texas Senator Ted Cruz has asked President Trump to cap RIN credits at 10 cents apiece.
“And that would be a serious problem. Frankly, a solution in search of a problem. Probably unlawful. And I don’t think that idea will fly.”
Jennings describes RINs as a proof-of-purchase coupon that rewards refiners for blending renewable fuels.
