• EPA Issues Notice of Violation of the Renewable Fuel Standard (RFS2) to Green Diesel, LLC for Generating 60 Million Invalid RINs Worth $84 Million
  • May 2, 2012 | Authors: Susan G. Lafferty; David M. McCullough; Peter H. Rodgers
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • On April 30, 2012, the U.S. Environmental Protection Agency (EPA) issued a Notice of Violation (NOV) of the Clean Air Act’s Renewable Fuel Standard (RFS2) to Green Diesel, LLC of Houston, Texas for generating and selling 60,034,033 Renewable Identification Numbers (RINs) (currently worth approximately $84 million) on biodiesel that was never actually produced by Green Diesel. 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.