19 Feb '13, 5pm

Biofuel RIN fraud not a problem, says RINAlliance

Biofuel RIN fraud not a problem, says RINAlliance

If you know what renewable identification numbers (RIN ) fraud is, and want to avoid it you a.) are most likely involved in biofuel production or an oil company and b.) might want to hire an auditor . That's the advice from RINAlliance , which has made a strategic partnership with EcoEngineers to make sure RIN fraud stops happening. Oil companies like Sunoco buy RINs from biofuel producers to earn credits to meet the federal Renewable Fuel Standard (RFS). RINs are used to track each gallon of a biofuel as part of the federal rule. There's been so much fraud in these deals that The US Environmental Protection Agency recently released proposed rules to deal with potential RIN fraud as part of the 2013 RFS. There is a need for audits and accountability in the marketplace. The biodiesel industry saw several distressing – and mysterious – episodes last year. Jeffrey David Gunse...

Full article: http://green.autoblog.com/2013/02/19/biofuel-rin-fraud-no...

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