EPA begins publishing annual data on RIN sales, RIN holdings

By Erin Voegele | July 16, 2015

In early July, the U.S. EPA released renewable identification number (RIN) sales data aggregated by renewable fuel standard (RFS) party type for the first time. The newly released data is in addition to monthly data on renewable fuel production, RIN generation, RIN separation and RIN retirement already published by the EPA.

In a statement provided to Biomass Magazine, the EPA said the “release provides new annual data aggregated by type of organization selling the RIN or holding the carry-over RIN. EPA is providing this data to increase the transparency of the RIN market under the RFS program.”

In a notice published to its website, the EPA said it intends to update the RIN sales data on an annual basis. The agency also indicated that it has received positive feedback from the regulated industry that publication of the RFS data helps inform compliance planning.

The new data released by EPA summarizes RIN sales data reported to EPA for compliance years 2010 through 2014. According to EPA, the data show that RINs are traded an average of 1.8 times by non-renewable volume obligation (RVO) parties, while parties with RVOs in the program, such as petroleum refiners, petroleum fuel importers and biofuel exporters, account for one RIN sale on average. “The RIN holdings data show that the majority of the RINs are ultimately acquired and held by obligated parties to meet compliance obligations or to carry-over to future years,” said in a statement provided to Biomass Magazine.

The EPA also noted that while the total volume of RIN sales have risen over the years with increasing mandates, the overall pattern of RIN sales has remained largely consistent on a year-to-year basis.

RIN sale data for the 2014 compliance year shows nearly 50.71 billion transactions, including 228.62 million for 2014 RINs, 4.08 billion for 2013 RINs, and 46.4 billion for 2014 RINs. The agency has also published data on compliance year 2010, 2011, 2012 and 2013 transactions, as well as data on 2010, 2011, and 2012 carryover RINs.  

The full data sets can be found on the EPA’s RFS2 EMTS Information Data website