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.