Petroleum Marketers Ass'n of America partners with RINAlliance
Petroleum Marketers of Association of America announced its new partnership with renewable fuel compliance group RINAlliance Inc. The PMAA is a federation of 48 state and regional trade associations representing approximately 8,000 independent petroleum marketers nationwide, whose primary mission is to nationally unify petroleum marketers through state and regional associations to effectively further the common business interests of the petroleum marketing industry.
“RINAlliance is extremely honored to have the support and endorsement of the nation’s largest and strongest association specifically dedicated to the success of fuel distributors,” said Dawn Carlson, president of RINAlliance. “PMAA understands the regulatory burdens of petroleum marketers and recognizes the value RINAlliance brings to its members.”
Today’s RIN values are soaring as ethanol RINs approach 80 cents per gallon and biodiesel RINs approach $1.34 per gallon. The positive economics are easily assessed and the ultracompetitive petroleum industry has taken notice of blending benefits.
“Our marketers across the U.S. benefit from the consulting expertise of RINAlliance as their professionals have the longest and most successful track record in understanding RINs and serving the needs of renewable fuel blenders,” said PMAA President Dan Gilligan.
RINAlliance serves hundreds of petroleum marketers with renewable fuel blending and U.S. EPA compliance matters through the use of proprietary software and dedicated specialists. Since 2007, RINAlliance has provided turnkey compliance and marketing solutions for petroleum marketers blending with renewable fuel. RINAlliance focuses on the economics of blending by working with clients on rack pricing, RIN values, federal blender credits, infrastructure, competitive supply options and other financial incentives.
RINAlliance has established a network of qualified renewable fuel producers by working with EcoEngineers to qualify production and RINs. This network allows RINAlliance blenders access to top-tier pricing of their RINs through negotiated contracts with obligated parties.