• EPA Issues Notice of Violation of the Renewable Fuel Standard for Generation of 48 Million Fraudulent RINs Worth Approximately $62 Million
  • February 3, 2012 | Authors: Susan G. Lafferty; David M. McCullough; Peter H. Rodgers
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • On February 2, 2012, the U.S. Environmental Protection Agency (EPA) issued a Notice of Violation of the Clean Air Act’s Renewable Fuel Standard to Absolute Fuels, LLC, for generating and selling 48,147,974 Renewable Identification Numbers (RINs) (currently worth approximately $62 million) on biodiesel that was never actually produced by Absolute Fuels. Under the Renewable Fuel Standard, RINs are generated on each gallon of renewable fuel produced. U.S. gasoline and diesel refiners, importers and blenders (known as “obligated parties”) are required to purchase and submit these RINs for compliance purposes.