D4 RINs collapse in 2023, driving down prices in entire RINs complex

D4 Renewable Identification Numbers have plummeted 44.5% so far in 2023 due to an uptick in renewable diesel production and a decline in the BO-HO, the feedstock soybean oil and blendstock heating oil spread. D6 corn ethanol and D4 bio-mass based diesel RIN credits have each fallen to their lowest level since early 2022, as both categories of RINs have…D4 Renewable Identification Numbers have plummeted 44.5% so far in 2023 due to an uptick in renewable diesel production and a decline in the BO-HO, the feedstock soybean oil and blendstock heating oil spread. D6 corn ethanol and D4 bio-mass based diesel RIN credits have each fallen to their lowest level since early 2022, as both categories of RINs have…  Read More