• Environmental Due Diligence

Biofuel Industry News

Environmental Due Diligence

Sep 22 2022

ASTM International’s environmental assessment, risk management and corrective action committee (E50) has revised its standard practice for limited environmental due diligence.
The standard practice for limited environmental due diligence: transaction screen process (E1528) was first published in 1993 as a way for current or prospective property owners to gather information about potential environmental risks associated with a property believed to present a low risk of potential environmental concerns.
As the standard was designed to be used by non-professionals, part of the revision process included efforts to modernize the standard and make the transaction screen more broadly accessible. Additional revisions include:
• A completely rewritten questionnaire and guide section;
• A revised appendix with new photographs to help preparers fill out the questionnaire; and
• Changes to wording within the standard itself to better highlight the fact it provides no Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) liability protection.
E1528 was developed in tandem with another standard aimed at defining “good commercial and customary practice” for conducting environmental site assessments (E1527), which was also recently revised. In contrast to E1528, E1527 establishes standards for eligibility for CERCLA liability protection.


Digital Edition

Petro Industry News 23.4 - September 2022

September 2022

In This Edition Fuel for Thought - Tanaka’s achievements acknowledged by Japan’s Ministry of Economy, Trade and Industry - ION Science appoints four directors for strategic evolution and...

View all digital editions

Events

Rio Oil & Gas 2022

Sep 26 2022 Rio de Janeiro, Brazil

Waste & Recycling Expo

Sep 27 2022 Toronto, Canada

International Pipeline Expo

Sep 27 2022 Calgary, Canada

KIOGE 2022

Sep 28 2022 Almaty, Kazakhstan

View all events