May RIN data shows increased biofuel production
The U.S. EPA has published renewable identification number (RIN) data for May. While overall RIN generation reached nearly 1.48 billion for month, up from nearly 1.45 billion in April, May marked the first month of 2014 during which no cellulosic RINs were generated.
According to the EPA, more than 27.4 million D5 advanced biofuel RINs were generated during the month, bringing the total for the first five months of the year to 79.93 million D5 RINs. The majority, 52.73 million, were generated for ethanol. More than 11.95 million D5 RINs were generated for biogas, along with 6.93 million for naptha. In addition, 5.4 million D5 RINs were generated for non-ester renewable diesel. Approximately 34.83 million D5 RINs have been generated by domestic producers, with nearly 42.18 million generated by importers.
More than 1.22 billion D6 renewable fuel RINs were generated in May, bringing the year-to-date total to more than 5.81 billion. Approximately 5.69 billion D6 RINs have been generated for ethanol this year, with 5.41 million generated for biodiesel. In addition, 120.22 million D6 RINs have been generated for non-ester renewable diesel. Most, 5.69 billion, have been generated by domestic producers, with 4.57 million generated by importers. More than 120.22 million D6 RINs were generated by foreign entities.
Nearly 230.46 million D4 biomass-based diesel RINs were generated in May, bringing the total for the first five months of the year to 970.06 million. Approximately 689.42 million D4 RINs have been generated for biodiesel this year, with an estimated 282.43 million generated for non-ester renewable diesel. The majority, 753.99 million D4 RINs, have been generated by domestic producers. Approximately 53.74 million and 164.12 million were generated by importers and foreign entities, respectively.
While no cellulosic RINs were generated in May, a total of 72,754 D3 cellulosic RINs were generated during the first five months of the year, along with 11,213 D7 cellulosic diesel RINs. All D3 RINs were generated by domestic producers. According in the EPA, 2,563 D7 RINs were generated by importers, with the remaining 8,859 generated by domestic producers.
As of the close of May, the EPA estimates nearly 6.87 billion RINs have been generated this year. Approximately 177.6 million have been retired. Nearly 271.68 million are locked and available, along with nearly 6.42 billion unlocked and available.