The EPA requires that each gallon of renewable fuel produced have a unique serial number attached to it.Is that not incredible? Each gallon of renewable fuel produced must have a unique serial number attached to it.
So, those folks producing ethanol must have a unique serial number attached to every gallon -- every gallon -- of ethanol produced. I find that amazing.
And then producers can trade RINs. If a producer produces more renewable energy than needed, they can trade them to another producer who needs them to make their quotas. RINs have become a currency in the fuels industry. Sort of like "cap and trade." ENRON would have made a killing trading RINs.
For more about RINs, this is a great site: Got RINS? At renewableenergyworld.com.
One more reason I love maintaining a blog: the things one runs across.
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