World Perspectives
biofuel energy

EPA Issues New RIN Fraud Rules

Setting the 2013 renewable volume obligations (RVOs) under the Renewable Fuel Standard (RFS) was not the only ethanol-related policy update the Environmental Protection Agency (EPA) undertook last week. The EPA also issued new rules on Renewable Identification Number (RIN) fraud in the biodiesel sector.The RFS requires gasoline and diesel refiners, blenders and importers to purchase RINs representing volumes of renewable fuel they must blend each year. The RINs are a compliance credit. In providing oversight, EPA has taken a caveat emptor type of approach in that EPA has fined diesel fuel refiners and importers for using RINs that were fraudulently generated by companies that did not actually produce any renewable fuel. EPA also has requi...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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