Natso, the national association representing the travel plaza and truck stop industry, and its newly launched Alternative Fuels Council initiated a renewable identification numbers management service Oct. 1.
The program is designed to help fuel retailers that blend and sell renewable fuels to more efficiently participate in the Renewable Fuel Standard program and manage their RINs.
We are excited to announce the launch of our new RIN Management System! https://t.co/pw0728mRZZ— NATSO, Inc. (@NATSO_Inc) October 1, 2018
“Complying with the Renewable Fuel Standard requires fuel retailers to navigate a series of complex requirements that demand a significant amount of time and a high level of accuracy,” Natso CEO Lisa Mullings said in a release.
“As the number of fuel retailers entering the biodiesel and alternative fuels market continues to expand, it was clear that our industry needed to streamline and simplify this process for our members so that they can more effectively allocate staff and resources to running their businesses,” she said.
Among the features the service provides is software that blenders and marketers can use to reduce the staff time that it takes to comply with the RFS by as much as 75%. Also, knowledgeable Alternative Fuels Council staff will perform required quarterly reporting as well as end-of-year third-party audits, according to the Alexandria, Va.-based organization.