RINAlliance voted 'Best in the US RIN Trading Program' by PMMA
RINAlliance has earned the designation as the Best in the U.S RIN Trading Program through a nationwide survey of petroleum marketing executives conducted by the Petroleum Marketers of America Association.
RINAlliance, headquartered in Urbandale, Iowa, is a web-based renewable fuel compliance program open to qualified blenders and marketers registered under the U.S. EPA’s renewable fuel standard (RFS). The comprehensive RINAlliance program provides assistance with EPA registrations, convenient access to compliance experts, an easy-to-use online RIN tracking system, quarterly reporting, annual attestation, and RIN quality assurance tools.
“Since 2007, RINAlliance has proudly represented petroleum marketers with the RINAlliance program, and we are honored be recognized by PMAA for our efforts,” said Jeff Hove, vice president of RINAlliance. “This program was specifically designed to help our industry compete and to find innovative solutions that net profits.”
Hove recently met with the Office of Management and Budget and the EPA in Washington, D.C., to discuss the importance of expediting pending EPA RFS rules. The Quality Assurance Program rules, if adopted by renewable fuel producers, will allow downstream blenders to safely manage RINs without the fear of EPA violations or large financial exposures.
“Downstream blenders must have protection against fraudulent RIN credits in order for the RFS to work,” Hove said. “We also are proposing that EPA remove the requirement to replace any RIN that was created under an EPA-certified QAP and properly separated by the blender.”
The proposed rule changes will allow the RIN market to stabilize and mature under a higher level of transparency while protecting blenders.
Industry representatives from PMAA, the National Association of Truck Stop Operators, the Society of Independent Gasoline Marketers of America and the National Association for Convenience and Fuel Retailing also participated in the meetings.