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Nevermind the scam. How is the system supposed to work? A company produces biodiesel and can sell, separately, the biodisel and the RIN. A fuel company can buy
by josinalvo 10y ago
Nevermind the scam. How is the system supposed to work?
A company produces biodiesel and can sell, separately, the biodisel and the RIN. A fuel company can buy the RIN instead of biodiesel, and, in theory, that would mean that another fuel company bought the biodiesel, and is using more biodiesel and less petroleum. Correct?
What if, instead, the biodiesel is used in a previously non existent or previously carbon neutral industry? That does not seem to reduce pollution at all. How does the system prevent it? Does the system prevent it?
- dmurray 10y agoThe biodiesel was meant to be equivalent to regular diesel, so it could be sold at the same price, but more expensive to produce. So a "previously non existent or previously carbon neutral industry" wouldn't have any reason to switch to biodiesel, unless it was already good for them to switch to regular diesel.