California city uses RIN credits to repair roads
By REW Staff.
A city in California is using its Renewable Identification Number (RIN) credits generated by creating biofuel from organic waste to repair its roads, a report by the Manteca Bulletin says.
Manteca, California, has identified street repair as a legitimate expense for cost recovery in municipal garbage rates with the reason that one of the heaviest trucks that goes down most residential streets in the city is a municipal solid waste truck, the report says. But the proposed rate hike “suspends” the charge. In order to fund the road repairs, the city will funnel the money it receives from oil companies from the sale of RIN credits.
According to the report, RINs are credits that oil companies purchase to meet a federally mandated percentage of biofuel in their fuel production.