How to use biodiesel efficiently: Don't unload it.

CBC News | Canada ^ | Dec 20, 2012 | John Nicol and Dave Seglins

[RLM]

The mystery of the trainload of biodiesel that crossed back and forth across the Sarnia-Port Huron border without ever unloading its cargo, as reported by CBC News, has been solved.

[twister881]

Rack up green tax credits by repeatedly importing and exporting the same load of biodiesel. Stark example of the stupidity of Marxist Obamanomics.

[TurboZamboni]

further proof nearly every single aspect of the ‘green’ movement is fraudulent.

[duffee]

Apparently this isn’t being aggressivly persued by the US government. A scam set in motion by an excess of US government programs and regulation, I know it cost tax payers and consumers, who all does bit profit?

[Paladin2]

This looks like a Steven Choo-Choo scam.

[texas booster]

The company that organized the train shipment was Bioversel Trading Inc. of Toronto. Its principal, Arie Mazur, gave CBC a detailed explanation this week explaining that the trip was all about RINs — renewable identification numbers — the credits set up by the EPA to promote and track production and importation of renewable fuels such as ethanol and biodiesel.

[texas booster]

Because RINs can be generated through import, the 12 trainloads that crossed into Michigan would have contained enough biodiesel to create close to 12 million RINs. In the summer of 2010, biodiesel RINs were selling for 50 cents each, but the price soon fluctuated to more than $1 per credit.

Once "imported" to a company capable of generating RINs, ownership of the biodiesel was transferred to Bioversel's American partner company, Verdeo, and then exported back to Canada. RINs must be "retired" once the fuel is exported from the U.S., but Bioversel says Verdeo retired ethanol RINs, worth pennies, instead of the more valuable biodiesel RINs. Bioversel claims this was all perfectly legal.

[duffee]

“This looks like a Steven Choo-Choo scam.”

You’re probably right, so who profits? the democrat party or democrat candidates or some other equally evil individuals or organizations but probably all of the above.

[SES1066]

While this scam went and probably continues under EPA auspices, this same agency is, without apology, requiring the oil companies, under the same mandate for renewable energy, to pay for not using "Cellulosic Ethanol". This non-existent (outside research labs) substance is an ever increasing percentage requirement of the nation's fuel supply by virtue of a 2007 law. The ever kind and generous EPA, recognizing that the law did not match industry availability, reduced the required amount for 2012 from 500 million gallons to a mere 8.65 million gallons but that was as low as they could go for a non obtainable substance. The energy industry also missed the 2011 250m.gal. adjusted to 8.5m.gal. purchase for which it must pay fines / buy credits via EPA.

[alice_in_bubbaland]

I just forwarded this article to my Congressman asking for an explanation. Well, we’ll see....

[Vide]

They used to do this with livestock across the Northern Ireland/Eire border - as you pass “GO” collect $200.