March 10, 2017 / 4:47 PM / 5 months ago

FACTBOX-U.S. RIN costs for 10 oil companies exceed $2 billion

    March 10 (Reuters) - Oil refiners' costs to comply with U.S. government
requirements to boost use of biofuels, such as ethanol, swelled 68 percent to
$2.22 billion last year due to high prices of compliance credits known as
Renewable Identification Number (RIN) credits.
    Below is a tally of 10 major refiners' RIN costs, according to regulatory
filings.

 RIC       Company                  2016 RIN  2015 RIN  Y-O-Y     Y-O-Y
                                    costs     costs     absolute  pcntge
                                    (mlns)    (mlns)    change    change
                                                        (mlns)    
           Valero Energy Corp        $749.00   $440.00   $309.00    70 pct
           PBF Energy Inc            $347.50   $171.60   $175.90   103 pct
           Cenovus Energy Inc        $294.00   $200.00    $94.00    47 pct
           Marathon Petroleum Corp   $288.00   $212.00    $76.00    36 pct
           CVR Energy Inc            $205.90   $123.90    $82.00    66 pct
           Delta Air Lines Inc       $171.00    $75.00    $96.00   128 pct
           Western Refining Inc       $65.40    $35.50    $29.90    84 pct
           Alon USA Energy Inc        $51.00    $35.10    $15.90    45 pct
           Delek US Holdings Inc      $40.40    $19.60    $20.80   106 pct
           Alon USA Partners LP       $14.30    $11.50     $2.80    24 pct
                                                                          
 TOTAL                              $2226.50  $1324.20   $902.30    68 pct
 
 (Compiled by Arathy S Nair and Ahmed Farhatha in Bengaluru; Editing by
Marguerita Choy)
  

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