RINAlliance Nominated in Two Categories
DES MOINES, Iowa – Feb. 22, 2013 - RINAlliance®, a cloud-based software utilized by renewable fuel blenders across the United States, has been selected as a 2013 Prometheus Awards finalist in the Clean Energy Innovation and Software Company of the Year categories. The Prometheus Awards showcase Iowa's top technology innovators and entrepreneurs and is sponsored by the Technology Association of Iowa (TAI). Winners will be announced at the annual awards dinner on Tuesday, April 9, 2013.
"We are honored to be selected as a finalist of this prestigious award," said Dawn Carlson, president of RINAlliance and the not-for-profit association, Petroleum Marketers and Convenience Stores of Iowa. "Iowa is the heartbeat of our nation's renewable fuels industry and our petroleum marketers have been the most innovative and enthusiastic supporters of programs that advance domestically produced fuel. To play a part in helping make the blending of renewable fuels easier and more profitable is very fulfilling."
"RINAlliance deserves to be recognized as one of the top technology innovators in Iowa. When the EPA instituted the Renewable Identification Number (RIN) program, it created a major undertaking for fuel retailers and renewable fuel blenders alike," said Adam Steinmeyer, RINAlliance subscriber and co-owner of Waterloo Oil Company. "RINAlliance has streamlined the complicated process of tracking our RINs into a user friendly ‘Plug and Click' program. It has saved us countless man hours and dollars since its creation."
Criteria considered for the Prometheus awards included market position, business impact, growth, quality of management, and positive impact on the environment. RINAlliance had a record year in 2012 with a 104% increase in revenue, 63% increase in number of subscribers and past satisfaction survey results showing 83% exceeding and 17% meeting expectations. To date, RINAlliance subscribers have blended more than 1.5 billion gallons of renewable fuel which has reduced harmful CO2 emissions by over 6 million standard tons.
RINAlliance began in 2007 and today is the nation's largest provider of full-service compliance and marketing services for RIN owners. Renewable fuel blenders across the country utilize the experience of regulatory professionals for consulting, compliance, RIN management and RIN marketing services and share in the success of the program.