UPDATE – RIN prices plunge as EPA grants 31 RFS compliance waivers
US biofuel credit (RIN) prices nearly halved on Friday afternoon ahead of the EPA granting 31 of the 38 outstanding compliance waivers for the Renewable Fuel Standard (RFS), ending months of speculation about whether the Trump administration would change course on the controversial policy.
*Updates with EPA’s confirmation and further compliance waiver details released on Friday evening*
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