NEW YORK, June 18 (Reuters) - The U.S. generated more ethanol blending credits in May than in April, while biodiesel credit generation fell, data from the Environmental Protection Agency showed on Wednesday.
About 1.22 billion ethanol (D6) blending credits were generated in May, compared with about 1.16 billion in April, the data showed.
Credits generated from biodiesel (D4) blending fell to about 508 million in May from 592 million the month prior, the data showed.
The credits are used by oil refiners and importers to show compliance with EPA-mandated renewable blending quotas for petroleum-based fuels. They are generated with every gallon of biofuel produced.
The following is a table of the credit generation for April by credit type.
Fuel (D) code | RINs | Volume (Gal.) |
D3 | 8,188,852 | 8,188,852 |
D4 | 507,967,411 | 312,690,572 |
D5 | 16,659,481 | 13,243,331 |
D6 | 1,215,281,799 | 1,215,281,799 |