White House Mulling RIN Trading Restrictions

The White House is said to be mulling putting restrictions on trading of biofuel credits – known as renewable identification numbers (RINs) – as part of a package of biofuel reforms that would include year-round sales of E15.The focus is on preventing companies from amassing credits and driving up prices, according to a report from Reuters. The report indicated that the number of RINs a dealer can hold could be capped at 120% of their annual compliance obligations.Further, the plan could also see restrictions put on certain parties from holding RINs more than 30 days.The RIN trading restrictions would be part of a plan that reports indicate the administration wants to unveil ahead of the November elections in a bid to boost chances for Midwest Republican lawmakers.