What does a RIN expert or RIN consultant do? A Renewable Identification Number (or RIN) is a serial number assigned to volume of a batch of biofuel for the purpose of tracking its production, transfers, trading and ultimate use or retirement. This is required by the U.S. EPA’s Renewable Fuel Standard (RFS) which was implemented as a result of the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007.
An expert in the Renewable Fuels Standards is someone with a background in enforcement or compliance with the regulations. The RFS expert can do such things as assist in determination of the RIN Equivalence Value, and if you don’t know what that means then you may need an expert. The expert can show you how to maximize that value.
The expert can outline a strategy for an obligated party to bank excess RINs or go short on RINs based on RIN price expectations. An expert can also show you how to separate a RIN without blending the renewable fuel.
Any one of these strategies could be valuable to you but you probably don’t have anyone who knows that the box is a lot bigger than you thought. We don’t have to think out of the box as we use a bigger box.
At Lee Enterprises Consulting, we have highly qualified Renewable Identification Numbers experts available to assist as expert witnesses in these types of cases. Feel free to call or email us for more information.