Ethanol Interests Shout Opposition to RIN Price Cap

As concerns began to grow late last week that the Trump Administration was leaning toward a cap on prices for Renewable Identification Numbers (RINs) to appease oil refinery interests, biofuel interests went into high gear to get the word out about how that action would devastate the Renewable Fuel Standard (RFS).

A White House meeting was reportedly set for today (March 12), and then abruptly cancelled, but that did not stop a rally that was set up at the farm of Bill Couser in Nevada, Iowa with just 24 hours notice. The main attraction at the rally was two industry representatives who were part of a meeting with President Trump on March 1 – fuel retailer Charlie Good and ethanol producer Rick Schwarck.

Rick and Charlie talk about meeting with the president here: Rick Schwarck and Charlie Good comments

Interview with Schwarck: Interview with Rick Schwarck, Absolute Energy

Good, owner of Good & Quick in Nevada, Iowa is one of several retailers who spoke for the American Coalition for Ethanol (ACE) to explain how the RIN system helps them keep prices down for higher ethanol blends: Charlie Good comments on how RIN system works for retailers