EPA to propose US biofuel fraud fix by end of 2012

Hydrocarbon Processing
08.15.2012
By RYAN TRACY


Refiners and oil importers are required to buy certain amounts of fuel made from plants every year under a 2005 law designed to reduce US oil imports. But the market has been in turmoil since last year, when it became clear that some companies were selling fraudulent numbers.

WASHINGTON -- The US Environmental Protection Agency late Tuesday made its first specific promises to address fraud in the alternative fuels market, a signal that months of negotiations with industry representatives are making progress.

In a letter to Rep. Gene Green, a Texas Democrat who was among lawmakers pressing the agency to act, EPA Assistant Administrator Gina McCarthy said the agency would formally propose a new regulation for the alternative fuel market by the end of this year.

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