A US appeals court rejected the Environmental Protection Agency's use of waiver authority to lower the federal biofuel mandate's blending volumes based on downstream constraints, but the decision leaves a lot of questions about how to find RINs to make up compliance shortfalls. Josh Pedrick and Wes Swift, who both cover Americas biofuels, walk through the questions that the market will have to grapple with, like which parties have to comply with what, where RINs come from, how obligations are calculated. "We can't all hop in our DeLorean, go back there and redo the numbers," Pedrick says, so what does the market do?
Related story: US appeals court rejects EPA's use of RFS waiver authority.
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