Refiners Over One Billion Dollars Short on RINs
U.S. refiners are short on $1.6 billion worth of credits they need to comply with U.S. biofuel laws. Reuters reviewed corporate earnings disclosures to come up with that total.
The big liability comes as the Biden Administration considers potential relief for oil refiners from biofuel mandates.
Refiners say they need the relief because of soaring credit costs and the economic hardship brought on by COVID-19 that’s hurt the industry.
RIN prices are higher since the start of 2021 because of higher feedstock costs and market uncertainty.
RINs were trading at the highest price since the program began 13 years ago.
Prices have dropped 50 cents since hitting a recent high of $2 a credit.
If the Biden administration grants some relief from the mandates, refiners may not need to fulfill all their obligations.
Some lawmakers and refining industry representatives have requested help for the industry.
The White House hasn’t said what actions President Biden will take to relieve refiners of their obligations under the Renewable Fuel Standard.
(Story Courtesy of the NAFB News Service)
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RSVP Bone Builders
RSVP Bone Builders
RSVP Bone Builders Belview Community Center Belview MN Tuesday’s and Thursday’s Class begins at 9:30
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RSVP Bone Builders
RSVP Bone Builders
RSVP Bone Builders Belview Community Center Belview MN Tuesday’s and Thursday’s Class begins at 9:30
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Fiber Arts
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Adult Winter Reading Program Sign Up
Adult Winter Reading Program Sign Up
Get Wrapped up in Reading! The Adult Winter Reading Program will be starting January 3rd and run […]
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Updated Library Hours
Starting January 3rd the library will be updating their operating hours. The new hours will be: Monday-Thursday […]
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Fiber Arts
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Planning Commission Public Hearings
Planning Commission Public Hearings
An Application for Conditional Use Permit has been filed by Clarense Wurtz, of Upland Hutterite Brethren Inc., […]
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Board of Adjustment Public Hearing
Board of Adjustment Public Hearing
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Fiber Arts
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Redwood Falls Bloodmobile
Redwood Falls Bloodmobile
Redwood Falls Bloodmobile partners with American Red Cross to host community blood drive Redwood Falls, MN -- […]
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Redwood County 4-H Fruit and Food Sales Begin Today!!
Redwood County 4-H Fruit and Food Sales Begin Today!!
4-H Fruit & Food Sales begin today, January 17th through Monday, February 6th, 2023. This fundraiser supports […]
Redwood Falls Bloodmobile
Redwood Falls Bloodmobile
Redwood Falls Bloodmobile partners with American Red Cross to host community blood drive Redwood Falls, MN -- […]
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West Central MN Virtual Career Fair
West Central MN Virtual Career Fair
Redwood County EDA and other community partners across West Central Minnesota are pooling their resources to host […]
Vesta Lions Chili Feed
Vesta Lions Chili Feed
Vesta Lions Club: Chili Feed, Wednesday January 18th, Vesta Community center (old school building), 5PM-7PM, free will […]
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MyChart Training
MyChart Training
MyChart Training Offered at Redwood Falls Public Library CentraCare has partnered with the Redwood Falls Public Library […]
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Redwood County 4-H Fruit and Food Sales Begin Today!!
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Bridal Shower for Courtney Koch & Dillon Heckendorn
Bridal Shower for Courtney Koch & Dillon Heckendorn
Come and Go bridal shower honoring Courtney Koch, daughter of of Lori (Frank) Koch and Steve Koch […]
One Act Play Contests-RVHS
One Act Play Contests-RVHS
The subsection 9 contest will be held on January 28th at the Estebo Performing Arts Center beginning […]
Lucan Lions Meat Raffle
Lucan Lions Meat Raffle
The Lucan Lions are sponsoring a Meat Raffle on Saturday evening, January 28, 2023 starting at 7 […]
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69th Annual Men’s Sausage Dinner
69th Annual Men’s Sausage Dinner
The Church of St. Michael of Morgan 69th Annual Men's Sausage Dinner Sunday, January 29, 2023 Drive […]
Knights of Columbus Spaghetti Feed
Knights of Columbus Spaghetti Feed
Wabasso Area Knights of Columbus are having a Spaghetti Feed at St. Anne’s church on Sunday January […]
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Redwood County 4-H Fruit and Food Sales Begin Today!!
Bridal Shower for Courtney Koch & Dillon Heckendorn
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Planning Commission Public Hearings
Planning Commission Public Hearings
- An Application for Extraction Interim Use Permit has been filed by Cooper Scheffler, of L & […]
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Walk or snowshoe by candlelight at Fort Ridgely State Park
Walk or snowshoe by candlelight at Fort Ridgely State Park
Walk or snowshoe by candlelight at Fort Ridgely State Park on Feb. 4 The Minnesota Department of […]
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SLEEPY EYE SPORTSMAN’S CLUB 41st ANNUAL FISHING DERBY
SLEEPY EYE SPORTSMAN’S CLUB 41st ANNUAL FISHING DERBY
Come One, Come All! Bring the family or a friend. It’s the SLEEPY EYE SPORTSMAN’S CLUB 41st […]
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