D3 RIN definition

D3 RIN means RINs generated by selling cellulosic biofuel.
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D3 RIN means a D3 Cellulosic Biofuel RIN as established by the Federal Renewable Fuel Standard Program. “Delivery Period” shall have the meaning set forth in the Section titled Delivery Period in this TC.
Sample 1

Examples of D3 RIN in a sentence

  • Seller shall remit the above Buyer Percentages to Buyer based on an assumed value of the above credits using a monthly average of daily price postings using “prompt” pricing published by OPIS Carbon Market Report or Argus US Products Daily Report [to be negotiated] in the same month that credits are generated for LCFS, D3 RIN and D5 RIN credits generated by Seller from the creation and dispensing of the Vehicle Fuel.

  • To calculate the RIN value relative to the fuel value of CNG/LNG derived from biogas we converted the price of fossil natural gas in 2018 ($3.15 per MMBTU) from EIA’s April 2019 STEO to the price per ethanol-equivalent gallon ($0.24 per 77,000 BTU) and compared this value to the average D3 RIN value in 2018 ($2.25).

  • In other words, a rise in D3 RIN price is not necessarily accompanied by an increase in the price of LCFS credits.

  • This will allow digesters to add as much food waste as they want without devaluing their D3 RIN generation.

  • If there is no Argus D3 RIN Price, OPIS D3 RIN Price, or Platts D3 RIN Price for a particular Day, then the RIN Spot Price shall mean the price for the first Day for which an Argus D3 RIN Price, OPIS D3 RIN Price, or Platts D3 RIN Price is published that follows the relevant Day.

  • EPA projects that 600 million eRINs will be generated in 2024 and 1,200 million RINs in 2025.58 D3 RIN prices varied between $2.66 and $3.34/RIN in 2022, meaning EPA’s proposed rule could generate between$4.86 and $6.01 billion in revenue for OEMS in just those two years.59 Nothing within the proposed rule requires OEMs to invest such funds within the renewable fuel program.

  • Therefore, if a cellulosic (D3) RIN is retired by an obligated party to demonstrate compliance, it demonstrates compliance in not only the obligated party’s (D3) RVO but also the D5 and D6obligations.

  • Despite the existence of the CWC, physical D3 RIN generation still occurs and has increased each of the prior three years.43 Finally, PBF echoes comments from last year and the AFPM Comment Letter in support of EPA revising its treatment of the CWC so that it can be used for advanced biofuel and total renewable fuel compliance.

  • Assumed credit price of $200.Note 2: EPA D3 RIN as of 11/23/2020 [Link: https://www.epa.gov/fuels-registration-reporting-and-compliance-help/rin-trades-and-price-information] The cost of the proposed $1 million performance assurance letter of credit equates to 0.04% of the daily incentive amount ($110/$291,600).

  • If there are no Argus D3 RIN Price or OPIS D3 RIN Price published for the applicable Month of Biogas delivery for a particular Day, then the RIN Spot Price for that Day shall mean the Platts D3 RIN Price for the applicable Month of Biogas delivery.

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