RINs are credits used for compliance with the U.S. Renewable Fuel Standard (RFS) program, which mandates that a certain volume of renewable fuel replaces or reduces the quantity of petroleum-based transportation fuel, heating oil, or jet fuel.
RINs are credits used for compliance with the U.S. Renewable Fuel Standard (RFS) program, which mandates that a certain volume of renewable fuel replaces or reduces the quantity of petroleum-based transportation fuel, heating oil, or jet fuel. RINs are generated when renewable fuel is produced and can be traded among obligated parties to meet their RFS obligations, providing a flexible mechanism to comply with renewable fuel requirements.
To promote the blending of renewable fuels into the national fuel supply, reducing greenhouse gas emissions and supporting the development of the biofuels industry.
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