World Perspectives
biofuel energy
03 February 2013 – Policy

EPA Issues New RIN Fraud Rules

By Dave Juday for Ag Perspectives

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...

TAGS – Biofuels, Energy
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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

Learn about WPI Consulting

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