PILOT SPIN

Spin Zone => Spin Zone => Topic started by: EppyGA - White Christian Domestic Terrorist on July 14, 2016, 07:18:50 PM

Title: RINs
Post by: EppyGA - White Christian Domestic Terrorist on July 14, 2016, 07:18:50 PM
Quote
The biodiesel factory, a three-story steel skeleton crammed with pipes and valves, squatted on a concrete slab between a railroad track and a field of storage tanks towering over the Houston Ship Channel. Jeffrey Kimes, an engineer for the Environmental Protection Agency, arrived there at 9 a.m. on a muggy Wednesday in August 2011. He’d come to visit Green Diesel, a company that appeared to be an important contributor to the EPA’s fledgling renewable fuels program, part of an effort to clean the air and lessen U.S. dependence on foreign fuel. In less than three years, Green Diesel had reported producing 50 million gallons of biodiesel. Yet Kimes didn’t know the company. He asked other producers, and they weren’t familiar with Green Diesel either. He thought he ought to see this business for himself.

http://www.bloomberg.com/features/2016-fake-biofuel-factory/

IMO this is what yoy get when the government gets involved in shit.  This market for RINs was easy pickings.  We can at least be happy that they caught this guy.  Makes me wonder how many were not caught.

Title: Re: RINs
Post by: Steingar on July 15, 2016, 06:20:07 AM
When the party ends it ends badly.  The way to really make biodiesel is with wild grasses, algae, or microbes.  The grasses are too tough to process, we just haven't worked out an economical way to break them down.  Cows do it by chewing, some animals employ a gizzard.  There is a company making diesel out of algae, but they're nowhere near competitive with fossil fuels, I doubt they ever will be.  They have to use fossil fuels to make the biodiesel.  Eating oil is just making oil in reverse, but this little nugget of wisdom seems to be mine and mine alone.