The House Committee on Energy and Commerce released its fourth white paper on the Renewable Fuel Standard. The white paper discusses the energy impacts of the RFS and the changes in US energy demand in the five years since the RFS passed. The paper calls for comments regarding the impact of the RFS on demand, petroleum
Yesterday the EPA released the third major Notice of Violation (“NOV”) against a biofuel producer in the past six months under the Renewable Fuel Standard (“RFS”). The NOV states that EPA has determined that Green Diesel, LLC of Houston, Texas, generated 60,034,033 invalid Renewable Identification Numbers (“RINs’) with a current market value of perhaps $85 million. Coming on the heels of the resolution of the Clean Green Diesel and Absolute Fuels NOVs, this NOV is likely to trigger immediate market reaction.
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