2011 RIN calculation for NY cargo gasoline assessments

Beginning January 3, 2011, Platts will apply the 2011 RIN (Renewable Identification Number) assessments for the inside-duty New York Cargo gasoline assessments.

The inside-duty New York Cargo gasoline assessments include RIN and import duty, and are published in Platts Global Alert pages 14 and in Platts US Marketscan.

The RIN value factored into the New York Cargo inside-duty gasoline assessments from January 3, 2011, will reflect a combination of renewable fuels as mandated by the Environmental Protection Agency.

The renewable fuels mandated by the EPA are conventional ethanol, biodiesel and cellulosic and advanced biofuel.

Daily RIN assessments are published on Platts Global Alert page 597.

Platts factors in a total amount of 8.01% of biofuel RIN per gallon of gasoline as required by EPA's Renewable Volume Obligation (RVO) mandate.

Also, the EPA's 0.78% requirement in advanced biofuel RIN will incorporate 0.69% of biodiesel RIN and 0.003% of cellulosic biofuel RIN per gallon of gasoline.

The ethanol RIN makes up the remaining RVO requirement.

For further details please contact americas_products@platts.com with a cc to the Platts Price Group at pricegroup@platts.com.