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The Tally Is In: Ethanol 'blend Wall' Cost Refiners At Least $1.35 Billion

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March 31, 2014 AT 4:33 AM
Last year's spike in the price of ethanol blending credits cost independent refiners at least $1.35 billion, more than three times as much as the year before, according to a Reuters' review of securities filings. The tally, which has not been previously reported, is a conservative estimate as it includes only nine refiners that disclosed the figures. Others affected did not specify the cost of buying Renewable Identification Number, paper credits used to meet quotas for blending biofuel into gasoline and diesel.