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East coast refinery Bankrupt Renewable fuels to blame
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Ethanol insider
Posted 2/15/2018 08:58 (#6579135 - in reply to #6579043)
Subject: RFS Was not the Problem


Adams, NE
but, is being blamed.

PES borrowed a bunch of money against their asset, made small capital investments BUT distributed a HUGE chunk of it to investors. That is reason for bankruptcy.

Hopefully, the bankruptcy judge will cut thru the smoke and mirrors.

Also, RINS do not cost anything as sub-Octane is higher than e10. The higher sub-octane prices offset cost of RINS.
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