WASHINGTON _ The National Biodiesel Board (NBB) released the following statement Thursday after the EPA issued its proposed rule for addressing fraudulent Renewable Identification Numbers (RINs) under the Renewable Fuel Standard:
"While we are still reviewing the details, this proposal appears to be another positive step toward ensuring that RIN fraud is a thing of the past," said Anne Steckel, NBB's vice president of federal affairs. "We want to thank the EPA for working aggressively to address this issue and for proposing constructive solutions that will restore confidence in RIN markets."
"This problem was caused by a handful of wrongdoers who took advantage of a good policy for advancing America's energy security," Steckel added. "Two of those people are now facing significant prison time, and that enforcement along with these tightened regulations will go a long way toward preventing anything like this from happening again."
NBB intends to continue working cooperatively with the EPA and our partners in the petroleum sector in bringing this issue to closure.
Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel is a renewable, clean-burning diesel replacement that can be used in existing diesel engines without modification. It is the first and only commercial-scale fuel produced across the U.S. to meet the Environmental Protection Agency's definition as an Advanced Biofuel - meaning the EPA has determined that it reduces greenhouse gas emissions by more than 50 percent when compared with petroleum diesel. The industry has plants in nearly every state in the country and supports more than 64,000 jobs nationwide. NBB is the U.S. biodiesel trade association.
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