UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: ~~June~~December 3031, 2012

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission File Number: 333-170542

Renewable Fuel Corp

(Exact name of registrant as specified in its charter)

Nevada	2860	26-0892819
(State or Other Jurisdiction of	(SIC Code)	(I.R.S. Employer
Incorporation or Organization)		Identification Number)

7251 WEST LAKE MEAD BOULEVARD SUITE 300

LAS VEGAS, NEVADA 89128

(Address of Principal Executive Offices including Zip Code)

702-989-8978

(Registrant's Telephone Number, including are code)

~~_______________________________________________________________________~~_________________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

The number of shares outstanding of each of the issuer’s classes of common stock, as of ~~August~~February 14, ~~2012~~2013 is as follows:

Class of Securities		Shares Outstanding
Common Stock, $0.0001 par value		213,~~141~~282,~~026~~443

TABLE OF CONTENTS

		Page
Part I	FINANCIAL INFORMATION		3
Item 1	FINANCIAL STATEMENTS		3
	CONSOLIDATED BALANCE SHEETS		3
	CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE LOSS		4
	CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)		5
	CONSOLIDATED STATEMENTS OF CASH FLOWS		5
	CONSOLIDATED STATEMENTS OF CASH FLOWS		6
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS		6
	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS		7
Item 2	MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS		19
Item 2	MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS		20
Item 3	QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK		24
Item 3	QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK		25
Item 4	CONTROLS AND PROCEDURES		24
Item 4	CONTROLS AND PROCEDURES		25
Part II	OTHER INFORMATION		25
Part II	OTHER INFORMATION
Item 1	LEGAL PROCEEDINGS		25
Item 1	LEGAL PROCEEDINGS		26
Item 1A	RISK FACTORS		25
Item 1A	RISK FACTORS		26
Item 2	UNREGISTERED SALE OF SECURITIES AND USE OF PROCEEDS		25
Item 2	UNREGISTERD SALE OF SECURITIES AND USE OF PROCEEDS		26
Item 3	DEFAULTS UPON SENIOR SECURITIES		26
Item 3	DEFAULTS UPON SENIOR SECURITIES		27
Item 4	MINE SAFETY DISCLOSURES		26
Item 4	RESERVED		27
Item 5	OTHER INFORMATION		26
Item 5	OTHER INFORMATION		27
Item 6	EXHIBITS		26
Item 6	EXHIBITS		28
Signatures			27
Signatures			29

PART I

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Renewable Fuel Corp

(A Development Stage Entity)

Consolidated Balance Sheets

As of ~~June~~December 3031, 2012 and September 30, ~~2011~~2012

	June 30,			September 30,
	December 31,			September 30,
	2012			~~2011~~2012
	(Unaudited)
Assets
Current Assets
Cash and cash equivalents	$	23,028		$	39,919
Cash and cash equivalents	$	69,554		$	47,913
Trade and other receivables		5,162			5,116
Trade and other receivables		20,616			8,187
Accounts receivable, related party		12,279			12,096
Accounts receivable, related party		11,503			11,538
Inventories		44,418			43,756
Inventories		41,613			41,740
Prepaid expenses and other current assets		8,341			41,331
Prepaid expenses and other current assets		70,555			13,045
Total current assets		93,228			142,218
Total current assets		213,841			122,423
Plants in progress, net		25,786,323			25,401,867
Plants in progress, net		24,157,826			24,231,878
Other property and equipment, net		38,361			43,179
Other property and equipment, net		45,313			61,469
Total Assets	$	25,917,912		$	25,587,264
Total Assets	$	24,416,980		$	24,415,770
Liabilities and Shareholders' Deficit
Liabilities
Current liabilities
Trade and other payables	$	~~518~~760,~~346~~685		$	~~446~~534,~~555~~682
Accounts payable, related parties (Note 7)		~~613~~556,~~147~~738			~~543~~637,~~974~~438
Accrued liabilities		~~321~~74,~~432~~180			~~307~~67,~~233~~365
Current portion of capital leases		8,~~039~~824			78,~~053~~573
Derivative liability - fair value of warrants		~~238~~226,~~750~~132			~~174~~232,~~617~~302
Term notes in default		2629,~~835~~885,~~075~~922			2528,~~124~~823,~~097~~421
Total current liabilities		2831,~~534~~512,~~789~~481			2630,~~603~~303,~~529~~781
Long-term capital lease obligations		1714,~~410~~823			2216,~~548~~469
Total liabilities		2831,~~552~~527,~~199~~304			2630,~~626~~320,~~077~~250
Commitments and contingencies (Note 9)		-			-
Preferred stock (mandatorily convertible and conditionally redeemable)
10,000,000 shares authorized; 0 and 3,229,044 shares outstanding at June 30, 2012 and September 30, 2011, $10 par value liquidation value of $0 and $37,663,633 at June 30, 2012 and September 30, 2011 respectively		-			37,663,633
Shareholders' Deficit
Common stock ($0.0001 par value; 500,000,000 shares authorized;
250,305,824 common shares issued, 213,075,824 outstanding as of June 30, 2012 and 211,120,171 common shares issued, 173,890,171 outstanding as of September 30, 2011)		25,031			21,112
250,512,443 common shares issued, 213,282,443 outstanding as of December 31, 2012 and 250,477,815 common shares issued, 213,247,815 outstanding as of September 30, 2012)		25,051			25,048
Additional paid-in-capital		6264,~~731~~406,~~168~~268			2364,~~538~~370,~~012~~443
Accumulated other comprehensive loss		(~~484~~692,~~850)~~231	)		(~~498~~627,~~991)~~928	)
Accumulated deficit		(6365,~~553~~789,~~875)~~558	)		(6165,~~025~~291,~~871)~~191	)
Treasury stock, cost
37,230,000 common shares held in treasury as of June 30, 2012 and September 30, 2011		(3,723)			(3,723)
37,230,000 common shares held in treasury as of December 31, 2012 and September 30, 2011		(3,723	)		(3,723	)
Total Renewable Fuel Corp stockholders' deficit		(12,~~286~~054,~~249)~~193	)		(371,~~969~~527,~~461)~~351	)
Non-controlling interest		(23,~~848~~555,~~970)~~199	)		(13,~~904~~205,~~479)~~635	)
Total shareholders' deficit		(45,~~135~~609,~~219)~~392	)		(394,~~873~~732,~~940)~~986	)
Total Liabilities and Shareholders' Deficit	$	2425,~~416~~917,~~980~~912		$	2425,~~415~~587,~~770~~264

Renewable Fuel Corp

(A Development Stage Entity)

Consolidated Statements of Operations and Other Comprehensive Loss

Third Quarter Three Months Ended

Third Quarter Nine Months Ended

Period From Inception October 1,

First Quarter Three Months Ended

Period From Inception October 1,

(Unaudited)

~~(Unaudited)~~2006 to

~~(Unaudited)~~

~~2006 to~~

June 30, 2012

June 30, 2011

June 30, 2012

June 30, 2011

June 30, 2012

December 31, 2012

December 31, 2011

December 31, 2012

Revenue

~~47,971~~-

-110,162

~~172~~325,~~551~~020

~~139,767~~

~~311,033~~

Operating expenses

Cost of materials, shipping and insurance

4439,~~666~~640

96,~~900~~767

56201,~~774~~859

~~36,698~~

~~116,124~~

Impairment of plants and land held for sale

-45,327,147

~~45,327,147~~

Payroll and share-based compensation expense

6869,~~135~~672

~~103~~84,~~387~~339

~~242~~5,~~990~~751,949

~~344,215~~

~~4,419,637~~

Legal and professional fees

8052,~~232~~762

5980,~~434~~068

~~239~~2,~~536~~134,906

~~225,707~~

~~2,009,778~~

Depreciation

5,~~372~~419

5,~~642~~394

15104,~~996~~820

~~16,767~~

~~93,652~~

Other general and administrative expenses

8172,~~860~~158

4549,~~648~~198

~~224~~1,~~030~~642,172

~~263,939~~

~~1,466,910~~

Total operating expenses

~~280~~239,~~265~~651

~~224~~225,~~011~~766

~~779~~55,~~326~~162,853

~~887,326~~

~~53,433,248~~

Loss from operations

(~~232~~239,~~294~~651

)

(~~224~~115,~~011~~604

)

(~~606~~54,~~775~~837,833

)

~~(747,559~~

)

~~(53,122,215~~

)

Other income (expense)

Interest expense

(~~576~~630,~~754~~937

)

(~~538~~541,~~196~~967

)

(18,~~660~~234,~~884~~921

)

~~(1,552,943~~

)

~~(6,968,488~~

)

Gain on change in fair value of derivative liability

~~(82~~6,~~646~~170

)

9,~~093~~084

~~(64~~33,~~133~~758

)

~~22,921~~

~~21,140~~

Other income (loss), net

-16,487

~~346~~51,876

51222,~~742~~666

~~22,864~~

~~195,145~~

Total other income (expense)

(~~659~~608,~~400~~280

)

(~~528~~481,~~757~~007

)

(17,~~673~~978,~~275~~497

)

~~(1,507,158~~

)

~~(6,752,203~~

)

Loss before income taxes

(~~891~~847,~~694~~931

)

(~~752~~596,~~768~~611

)

(262,~~280~~816,~~050~~330

)

~~(2,254,717~~

)

~~(59,874,418~~

)

Income tax expense

Net loss

(~~891~~847,~~694~~931

)

(~~752~~596,~~768~~611

)

(262,~~280~~816,~~050~~330

)

~~(2,254,717~~

)

~~(59,874,418~~

)

Net loss attributable to non-controlling interest

(~~329~~349,~~548~~564

)

(~~295~~296,~~264~~470

)

(~~944~~3,~~491~~558,922

)

~~(925,753~~

)

~~(2,852,693~~

)

Net loss attributable to Renewable Fuel Corp

(~~562~~498,~~146~~367

)

(~~457~~300,~~504~~141

)

(159,~~335~~257,~~559~~408

)

~~(1,328,964~~

)

~~(57,021,725~~

)

Dividends on preferred stock

~~623~~630,~~953~~809

16,~~192~~565,~~445~~638

~~1,871,858~~

~~6,565,638~~

Net loss available to common stockholders

(~~562~~498,~~146~~367

)

(1930,~~081,457~~950

)

(265,~~528~~823,~~004~~046

)

~~(3,200,822~~

)

~~(63,587,363~~

)

Other comprehensive loss:

Net loss

(~~891~~847,~~694~~931

)

(~~752~~596,~~768~~611

)

(262,~~280~~816,~~050~~330

)

~~(2,254,717~~

)

~~(59,874,418~~

)

Currency translation adjustment

~~195~~(64,~~973~~303

)

(14,~~177~~451

)

14(692,~~141~~231

)

~~(21,945~~

)

~~(484,850~~

)

Comprehensive loss

(~~695~~912,~~721~~234

)

(~~753~~601,~~945~~062

)

(263,~~265~~508,~~909~~561

)

~~(2,276,662~~

)

~~(60,359,268~~

)

Net loss attributable to non-controlling interest

(~~329~~349,~~548~~564

)

(~~295~~296,~~264~~470

)

(~~944~~3,~~491~~558,922

)

~~(925,753~~

)

~~(2,852,693~~

)

Comprehensive loss attributable to non-controlling interest

95(53,~~714~~256

)

3(7,~~822~~109

)

7(191,~~293~~062

)

~~(17,596~~

)

~~(6,454~~

)

Comprehensive loss attributable to Renewable Fuel Corp

(~~461~~509,~~887~~414

)

(~~462~~297,~~503~~483

)

(159,~~328~~758,~~711~~577

)

~~(1,333,313~~

)

~~(57,500,121~~

)

Net loss per share available to common stockholders, basic and diluted

(0.00002

)

(0.01005

)

(0.0139

)

~~(0.02~~

)

~~(0.39~~

)

Weighted average number of common shares outstanding

213,~~010~~278,~~505~~566

173,~~609~~916,~~083~~456

~~188~~166,~~380~~779,~~021~~619

~~173,467,849~~

~~161,910,677~~

Renewable Fuel Corp

(A Development Stage Entity)

Consolidated Statements of Changes in Shareholders’ Equity (Deficit)

For the Periods form Inception (October 1, 2006) to June 30, 2012

								Accumulated											Total Renewable
					Additional			other											Fuel Corp			Non-			Total
	Common stock				paid-in-			comprehensive			Accumulated			Treasury stock					Shareholders’			controlling			Shareholders’
	Shares		Amount		capital			loss			Deficit			Shares		Amount			Deficit			Interest			Deficit
Issuance of common shares at inception (October 1, 2006)		2,510,404	$	251	$	116,962		$	-		$	-			-	$	-		$	117,213		$	-		$	117,213
Issuance of common shares		7,414,445		741		358,121			-			-			-		-			358,862			-			358,862
Net Income		-		-		-			-			58,698			-		-			58,698			-			58,698
Foreign currency translation adjustment		-		-		-			(31,634	)		-			-		-			(31,634	)		-			(31,634	)
Balance at September 30, 2007		9,924,849		992		475,083			(31,634	)		58,698			-		-			503,139			-			503,139
Issuance of common shares		110,983,152		11,098		5,518,902			-			-			-		-			5,530,000			-			5,530,000
Acquisition of BRII		80,960,000		8,097		9,512,507			-			-			-		-			9,520,604			-			9,520,604
Share-based compensation		2,601,593		260		600,708			-			-			-		-			600,968			-			600,968
Net loss		-		-		-			-			(963,386	)		-		-			(963,386	)		-			(963,386	)
Foreign currency translation adjustment		-		-		-			(376,712	)		-			-		-			(376,712	)		-			(376,712	)
Balance at September 30, 2008		204,469,594		20,447		16,107,200			(408,346	)		(904,688	)		-		-			14,814,613			-			14,814,613
Issuance of common shares		3,987,766		399		3,987,367			-			-			-		-			3,987,766			-			3,987,766
Share-based compensation		521,985		52		1,362,455			-			-			-		-			1,362,507			-			1,362,507
Dividends on preferred stock		-		-		-			-			(353,787	)		-		-			(353,787	)		-			(353,787	)
Net loss		-		-		-			-			(50,317,257	)		-		-			(50,317,257	)		-			(50,317,257	)
Foreign currency translation adjustment		-		-		-			(173,518	)		-			-		-			(173,518	)		-			(173,518	)
Balance at September 30, 2009		208,979,345		20,898		21,457,022			(581,864	)		(51,575,732	)		-		-			(30,679,676	)		-			(30,679,676	)
Issuance of common shares		1,156,971		116		1,156,855			-			-			-		-			1,156,971			-			1,156,971
Treasury shares		-		-		-			-			-			37,230,000		(3,723	)		(3,723	)		3,723			-
Share-based compensation		23,141		2		144,583			-			-			-		-			144,585			-			144,585
Shares issued for professional services		300,000		30		299,970			-			-			-		-			300,000			-			300,000
Reclassification of warrants to derivative liability		-		-		(259,890	)		-			-			-		-			(259,890	)		-			(259,890	)
Dividends on preferred stock		-		-		-			-			(2,516,739	)		-		-			(2,516,739	)		-			(2,516,739	)
Net loss		-		-		-			-			(2,600,232	)		-		-			(2,600,232	)		(708,818	)		(3,309,050	)
Foreign currency translation adjustment		-		-		-			108,742			-			-		-			108,742			-			108,742
Balance at September 30, 2010		210,459,457	$	21,046	$	22,798,540		$	(473,122	)	$	(56,692,703	)		37,230,000	$	(3,723	)	$	(34,349,962	)	$	(705,095	)	$	(35,055,057	)
Issuance of common shares		628,022		63		627,959			-			-			-		-			628,022			-			628,022
Share-based compensation		32,692		3		111,513			-			-			-		-			111,516			-			111,516
Dividends on preferred stock		-		-		-			-			(2,502,667	)		-		-			(2,502,667	)		-			(2,502,667	)
Net loss		-		-		-			-			(1,830,501	)		-		-			(1,830,501	)		(1,199,384	)		(3,029,885	)
Foreign currency translation adjustment		-		-		-			(25,869	)		-			-		-			(25,869	)		-			(25,869	)
Balance at September 30, 2011		211,120,171	$	21,112	$	23,538,012		$	(498,991	)	$	(61,025,871	)		37,230,000	$	(3,723	)	$	(37,969,461	)	$	(1,904,479	)	$	(39,873,940	)
Issuance of common shares for cash		323,119		32		323,087			-			-			-		-			323,118			-			323,118
Issuance of common shares for preferred stock conversion		38,856,078		3,886		38,852,192			-			-			-		-			38,856,078			-			38,856,078
Share-based compensation		6,456		1		17,878			-			-			-		-			17,879			-			17,879
Dividends on preferred stock		-		-		-			-			(1,192,445	)		-		-			(1,192,445	)		-			(1,192,445	)
Net loss		-		-		-			-			(1,335,559	)		-		-			(1,335,559	)		(944,491	)		(2,280,050	)
Foreign currency translation adjustment		-		-		-			14,141			-			-		-			14,141			-			14,141
Balance at June 30, 2012		250,305,824	$	25,031	$	62,731,169		$	(484,850	)	$	(63,553,875	)		37,230,000	$	(3,723	)	$	(1,2,86,249	)	$	(2,848,970	)	$	(4,135,219	)

Renewable Fuel Corp

(A Development Stage Entity)

Consolidated Statements of Cash Flow

For the Periods Ended

	For the Nine Months Ended						Period From Inception October 1, 2006 to
	For theThreeMonths Ended						Period From Inception October 1, 2006 to
	June 30, 2012			June 30, 2011			June 30, 2012
	December 31, 2012			December 31, 2011			December 31, 2012
Cash flows from operating activities	(Unaudited)			(Unaudited)
	(Unaudited)			(Unaudited)
Net loss	$	(2,280,050)		$	(2,254,717)		$	(59,874,418)
Cash flows from operating activities
Net loss	$	(847,931	)	$	(596,611	)	$	(62,816,330	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		155,~~996~~419			165,~~768~~394			93104,~~652~~832
Impairment of plant and leasehold land		-			-			45,327,147
Non-cash share-based compensation expense		171,~~879~~878			451,~~591~~997			23,~~237~~438,~~455~~256
Shares issued for legal and professional expenses		-			-			300,000
Bad debt expense		-			-			88
Loss on foreign exchange		-			-			97,640
Interest expense recorded into principal balance of loan		1621,~~645,777~~534			1538,~~541,512~~778			68,~~958~~214,~~579~~737
Change in fair value of derivative liability		64(6,~~133~~170	)		(229,~~921)~~084	)		(2133,~~140)~~758	)
Gain (loss) on disposal of investments and other		-			-			(60,088)	)
Changes in:
Trade and other receivables		~~(12,549)~~-			(3,~~073)~~147			5772,~~012~~779
Other current assets		~~(57~~33,~~656)~~351			(45,~~128)~~220			~~489~~553,~~745~~539
Inventories		-			~~9,056~~-			(41,992)	)
Other assets		-			-			15,528
Trade and other payables		74220,~~698~~552			~~147~~16,~~863~~108			(~~601~~376,~~481)~~832	)
Accounts payable, related parties		72(85,~~344~~196	)		9716,~~133~~309			~~398~~320,~~584~~356
Accrued liabilities		156,~~298~~317			(346,~~180)~~991	)		(~~581~~572,~~996)~~776	)
Net cash used in operating activities		(~~444~~50,~~130)~~246	)		(~~461~~25,~~096)~~733	)		(5,~~205~~456,~~685)~~874	)
Cash flows from investing activities
Fixed asset additions		-			-			(99100,~~213)~~274	)
Proceeds from disposal of investments		-			-			116,196
Net cash provided by investing activities		-			-			1615,~~983~~922
Cash flows from financing activities
Advances from shareholders		-			-			7,209,527
Proceeds from loan advance		~~144,591~~-			-			~~144~~148,~~591~~309
Payments to contractors		-			-			(6,822,905)	)
Cash received in share exchange agreements		-			-			137,157
Payments on capital lease obligations		(41,~~068)~~761	)		(41,~~577)~~705	)		(3034,~~509)~~052	)
Proceeds from share issuances		~~323~~33,~~119~~950			~~444~~36,~~161~~043			4,~~492~~695,~~512~~083
Net cash provided by financing activities		~~463~~32,~~642~~189			~~439~~34,~~584~~338			5,~~130~~333,~~373~~119
Net increase (decrease) in cash		19(18,~~512~~057	)		~~(21~~8,~~512)~~605			(58107,~~329)~~833	)
Effect of exchange rate changes		21,~~129~~166			(21,~~379)~~590			~~106~~109,~~488~~466
Cash, beginning of period		4739,~~913~~919			6947,~~606~~913			21,395
Cash, end of period	$	6923,~~554~~028		$	4558,~~715~~108		$	6923,~~554~~028
Supplemental cash flow information
Interest paid	$	-		$	-		$	-
Taxes paid	$	-		$	-		$	-
Non-cash investing and financing activities disclosures:
Vehicle financed through capital lease	$	-		$	-		$	41,351
Non-cash plant additions in accounts payable	$	-		$	-		$	16,224,412
Conversion of shareholders advances to common stock	$	-		$	-		$	7,492,530
Net assets acquired in share exchanges	$	-		$	-		$	9,520,525
Conversion of trade payables to preferred stock	$	-		$	-		$	31,283,340
PBC treasury stock exchange agreement	$	-		$	-		$	3,723
Dividends accrued on preferred stock	$	~~1,192,445~~-		$	1630,~~871,858~~809		$	6,565,638
Fair value of warrants as derivative liability	$	-		$	-		$	259,890
Conversion of preferred stock to common stock	$	~~38,856,078~~-		$	-		$	38,856,078
Conversion of account payable, related parties to preferred stock	$	-		$	-		$	1,007,100

Renewable Fuel Corp

Notes to the Unaudited Consolidated Financial Statements

(Unaudited)

NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Corporate Information - Renewable Fuel Corp (A Development Stage Company) is a public reporting entity originally planned to be an integrated producer, blender and distributor of biodiesel and blended fuels. Renewable Fuel Corp ("Renewable Fuel" or the "Company") was incorporated in the State of Nevada on September 11, 2007. Renewable Fuel owns a license to produce biodiesel products in Malaysia and two additional biodiesel licenses in Indonesia. Renewable Fuel Corp anticipates entering the biofuel production and distribution business during fiscal year 2013.

WeThe ~~have~~Company has incurred losses since inception, ~~have~~has not commenced operations, substantially all of ~~our~~their assets are impaired and ~~our~~the Company’s auditors have issued a going concern opinion on ~~our~~the audited financial statements for the most recent fiscal year ended September 30, ~~2011~~2012.

Renewable Fuel conducts its Indonesian operations through its two wholly-owned Malaysian subsidiaries, Century Corp Sdn. Bhd. ("Century") and ~~Optimis Teguh Sdn~~OptimisTeguhSdn. Bhd. ("Optimis"). Century and Optimis own two Indonesian entities, PT Plant Biofuel Indonesia ("PTPBI") and PT ~~Optimis~~OptimisTeguh ~~Teguh~~ Indonesia ("PTOTI"), respectively, which own the licenses for the Company's planned biodiesel production in Indonesia.

Renewable Fuel acquired Century and Optimis through a transaction with their original parent Bio Refining Industries Inc. ("BRII") on September 5, 2008, through a share exchange agreement in a transaction accounted for as a reverse merger, with BRII as the accounting acquirer of Renewable Fuel. Since the original shareholders of Century received the largest portion of ownership and control of BRII, Century was treated as the accounting acquirer.

Renewable Fuel will conduct its Kuantan operations through its two Malaysian subsidiaries, Plant Biofuels Corporation Sdn. Bhd. ("PBC") and Research Fuel Corp Sdn. Bhd. ("Research"). PBC and Research were acquired by Renewable Fuel Corp through an acquisition accounted for as a reverse merger in December 2007.

The accounts of Optimis, PTOTI, Renewable Fuel, PBC and Research have been included in Renewable Fuel’s consolidated financial statements from the acquisition date of September 5, 2008, the date of the share exchange agreement between Renewable Fuel and BRII. The historical financial statements for the year ended September 30, 2008 and the period from inception (October 1, 2006) through September 5, 2008 are those of the accounting acquirer, Century. The historical financial results of the accounting acquirer consist of the combined operating results of Century, and its 99% owned subsidiary, PTPBI ("Century Consolidated").

Renewable Fuel’s biodiesel plant in Malaysia was substantially completed and available for glycerine production at its location in Kuantan. The Kuantan plant has a nameplate capacity license and underlying infrastructure to produce 60 million gallons annually (MGA), twice the current production capacity. The refinery is designed to produce biodiesel from multiple feedstocks. The plant, operated by Renewable Fuel’s subsidiary PBC is capable of producing 30 MGA of Palm Oil Methyl Ester ("PME") biodiesel and 2.4 MGA of refined glycerin. The glycerine refining unit has been designed to operate independently from the biodiesel production unit.

WeThe ~~are~~Company is currently in non-compliance with debt covenants on the term loan facilities of approximately $2629.89 million as of ~~June~~December 3031, 2012 and ~~have~~has not made any installment repayments beginning with the due date of December 1, 2010. The Company received a statement dated ~~July~~December 11, 2012 from the bank stating the outstanding payable for late installment payments was approximately $~~12.8~~18 million. The term loans are secured by First Priority Interest over all existing property, plant and equipment, and all fixed and floating assets of PBC. The facilities are jointly and severally guaranteed by both of the PBC directors.

~~The~~On ~~Bank~~January ~~has~~30, ~~not~~2013, ~~notified~~the usbank ~~that~~granted wePBC ~~are~~an inextension ~~default~~for full and ~~has~~final ~~not~~settlement ~~taken~~on ~~any~~or ~~action~~before asJune a30, ~~result of default~~2013. IfThe ~~the~~bank ~~Bank~~may ~~declares~~take aaction ~~default,~~against ~~which~~PBC itand ~~has the current right to do, the Bank~~ may foreclose on the note as a consequence ~~and~~causing wePBC ~~could~~to lose all ~~PBC~~its assets.

The Management of PBC is actively negotiating with the Bank to restructure the facilities or reschedule the facilities repayment. The Bank has verbally indicated their willingness to review and assess the biodiesel industry as a whole, including all key industry participants and to find a solution that would cure the distress.6

7The Management of PBC is actively negotiating with the bank to restructure the facilities or reschedule the facilities repayment. The bank has verbally indicated their willingness to review and assess the biodiesel industry as a whole, including all key industry participants and to find a solution that would cure the distress.

~~Renewable~~The ~~Fuel~~Company’s ~~Corp~~management are confident that their feedstock strategy using non-food based material, will lead the Company to a sustainable operation. Although the Company has held preliminary discussions concerning acquiring Crude Palm Oil (“CPO”) and alternative tallow-based feedstocks from regional suppliers, the Company has no contracts, agreements or commitments in place at this time. The Company’s management believes that the combined capacities of these suppliers or alternative available suppliers will be able to meet the production requirement per annum.

Notes to Consolidated Financial Statements

(Unaudited)

We are confident that our feedstock strategy using non-food based material, will lead the Company to a sustainable operation. Although we have held preliminary discussions concerning acquiring CPO and alternative tallow-based feedstocks from regional suppliers, we have no contracts, agreements or commitments in place at this time. We believe that the combined capacities of these suppliers or alternative available suppliers will be able to meet our production requirement per annum.

In addition, Renewable Fuel leases, under 20-year leases, two adjacent 10 acre sites, each with 60 MGA nameplate licenses and deep water access in Dumai, Indonesia. Plant construction has been minimal to date and primarily consists of design and engineering plans to accept multiple feedstock types.

Renewable Fuel's business strategy is to begin operations in the Kuantan plant, first producing and marketing only refined (pharmaceutical and technical grade) glycerine from purchased crude glycerine. Subsequently, Renewable Fuel plans to begin producing and selling refined glycerine from crude glycerine produced in the Kuantan plant, refined, bleached and deodorized ("RBD") ~~Crude Palm Oil ("~~CPO") and biodiesel from tallow-based feedstocks. Management has impaired the asset value of the plant in Kuantan, and the fair value estimate, at the time of the impairment, for the Kuantan plant was based on what management believes a market participant would be willing to pay to purchase the plant based on the discounted cash flows the market participant could reasonably expect to generate operating the plant. The estimates are based on the company’s assumptions that it will be able to operate the plant profitably and includes the company’s estimates of the current status of the biodiesel market, estimates of revenues, costs of sales, general and administrative costs, shipping costs, and incentives. These assumptions and estimates are made without the ~~company~~Company having any historical information to rely on. To date, the ~~company~~Company has not operated the plant profitably. The two largest factors in projecting cash flows from operating the plant are the prices we receive for selling biodiesel and the cost of the feedstock necessary to produce the biodiesel. Any changes in the company’s assumptions and estimates and changes in market conditions could impact the value of the company’s plant assets. Details of the impairment are further discussed in the paragraph "Impairment of Long-Lived Assets" in the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

After the Kuantan plant is fully operational, management plans to leverage cash flows from operations to fund the Kuantan expansion of a second production unit, doubling production to the nameplate capacity and in turn fund sequential completion of the two plants in Dumai. Construction on the two Indonesian facilities is not anticipated until after the Kuantan plant is fully operational and construction financing is available.

It is currently not determinable when conditions will exist, if ever, to continue construction of the two Indonesian plants. The contract period for PTPBI Indonesian plant construction expired and both Century Corp, owner of PTPBI, and Plant & Offshore Technology ~~Sdn Bhd~~SdnBhd, the contractor, mutually agreed to terminate the construction contract on August 23, 2011. Should funding become available and the construction portion of the licenses be re-approved, we believe we will be able to successfully negotiate a new construction contract.

WeThe ~~maintain~~Company maintains a website at www.rfuelcorp.com. Nothing on that website is part of this Report.

The business strategy is dependent upon Renewable Fuel obtaining additional financing to acquire feedstock and to make the plant operational. Renewable Fuel is in discussion with the ~~Bank~~bank to extend the existing loan and provide additional funds to fund start-up of the plant. If Renewable Fuel and the ~~Bank~~bank cannot come to terms then the Company will look at refinancing the loan and obtaining a working capital line with another entity.

Interim Consolidated Financial Statements - The accompanying unaudited interim consolidated financial statements have been prepared pursuant to accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission and should be read in conjunction with the audited financial statements and notes thereto. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ending September 30, 2011 have been omitted. These unaudited interim consolidated financial statements include the accounts of Renewable Fuel Corp and its subsidiaries.7

Interim Consolidated Financial Statements - The accompanying unaudited interim consolidated financial statements have been prepared pursuant to accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission and should be read in conjunction with the audited financial statements and notes thereto. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for the year ending September 30, 2012 have been omitted. These unaudited interim consolidated financial statements include the accounts of Renewable Fuel Corp and its subsidiaries.

Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the financial statements and reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

8A Development Stage Company – The accompanying financial statements have been prepared in accordance with FASB ASC Topic 915 Development Stage Entities. A development stage enterprise is one in which planned principal operations have not commenced; or if its operations have commenced, there have been no significant revenues derived there from. As of December 31, 2012, Renewable Fuel has not fully commenced operations nor has it received significant revenues from its planned principal operations.

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

Reclassifications – Certain amounts in prior period financial statements have been reclassified to conform to the 2012 presentation. These reclassifications had no effect on the previously reported financial position or results of operations.

A Development Stage Company - The accompanying financial statements have been prepared in accordance with FASB ASC Topic 915 Development Stage Entities. A development stage enterprise is one in which planned principal operations have not commenced; or if its operations have commenced, there have been no significant revenues derived there from. As of June 30, 2012, Renewable Fuel has not fully commenced operations nor has it received significant revenues from its planned principal operations.

Inventories – Inventories, consisting of raw materials and finished goods are recorded using the lower of cost or market value with cost, determined using primarily the first in-first out (FIFO) method.

Property, Plant and Equipment, Net – - Property and equipment are stated at historical cost net of accumulated depreciation and accumulated impairment charges. Maintenance and repairs are charged against operations as incurred and major replacements or betterments are capitalized. Depreciation is provided using the straight-line method based on the estimated useful lives of the assets as follows:

Description		Useful life (in years)
Office renovation		10
Furniture and equipment		4-10
Autos and trucks		5
Computer equipment		4-5
Leasehold improvements		Shorter of the useful life or term of the lease

~~Construction~~Plants in progress represents costs associated with property, plant and equipment under construction at Renewable Fuel’s production facilities. Plants ~~Construction~~ in progress is stated at cost, which includes the cost of construction and other direct costs attributable to the production facility construction, including a portion of interest costs incurred during the related construction period, as well as direct labor and related benefits. The amount of capitalized interest in a period is determined by applying an interest rate, which is based upon borrowings outstanding during the period, to the average amount of accumulated expenditures during the period not to exceed the total amount of interest cost incurred during the period. Such costs are reclassified to an appropriate fixed asset classification and depreciated when the asset is placed into service.

Impairment of Long-Lived Assets – Long-lived assets are assessed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of, consisting of land plots held for sale, are reported at the lower of the carrying amount or fair value less costs to sell.

Debt Modifications – Debt modifications are evaluated to determine if resulting cash flows have been significantly affected by changes in principal amounts, interest rates, terms or maturity. Restructurings are evaluated for treatment as debt extinguishments or simple modifications. Restructurings to date have all been treated as modifications as the net present value of cash flow requirement s have not been significantly affected.8

~~Preferred~~Debt ~~Stock~~Modifications ~~Classification~~ – ~~FASB~~Debt ~~establishes~~modifications ~~standards~~are ~~for~~evaluated ~~how~~to andetermine ~~issuer~~if ~~classifies~~resulting ~~and~~cash ~~measures~~flows ~~certain~~have ~~financial~~been ~~instruments~~significantly ~~with~~affected ~~characteristics~~by ofchanges ~~both~~in ~~liabilities~~principal ~~and~~amounts, ~~equity.~~interest Arates, ~~mandatorily~~terms ~~redeemable~~or ~~financial~~maturity. ~~instrument~~Restructurings ~~shall~~are beevaluated ~~classified~~for treatment as adebt ~~liability~~extinguishments ~~unless~~or ~~the~~simple ~~redemption~~modifications. isRestructurings ~~required~~ to ~~occur~~date ~~only~~have ~~upon~~all been treated as modifications as the ~~liquidation~~net orpresent ~~termination~~value of ~~the~~cash ~~reporting~~flow ~~entity~~requirements have not been significantly affected.

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

A financial instrument issued in the form of shares is mandatorily redeemable if it embodies an unconditional obligation requiring the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event certain to occur. A financial instrument that embodies a conditional obligation to redeem the instrument by transferring assets upon an event not certain to occur becomes mandatorily redeemable—and, therefore, becomes a liability—if that event occurs, the condition is resolved, or the event becomes certain to occur.

The Series A Preferred Stock provides the holder the right to require the Company to redeem the preferred stock if the holder elects to convert all of their shares of Series A preferred stock into a debt obligation. Under FASB standards, the Company’s Series A preferred stock is not considered mandatorily redeemable. However, SEC reporting requirements provide that any possible redemption outside of the control of the Company requires the preferred stock to be classified outside of permanent equity.

As such the Company had classified the Series A Preferred Stock as temporary equity in the financial statements. In 2012, the Series A preferred stock was converted to common stock.

Repurchase of Common Shares into Treasury – The Company utilizes the cost method to account for all treasury stock transactions, which are valued at the Company’s estimate of the consideration granted in return for the shares.

Non-controlling Interest – Non-controlling interest accounting is applied for any entities where the Company maintains less than 100% ownership. The Company clearly identifies the non-controlling interest in the balance sheet and income statement including all measures of: net loss, net loss attributable to non-controlling interest, and net loss attributable to Renewable Fuel. Operating cash flows in the consolidated statements of cash flows reflect net loss, while basic and diluted earnings per share calculations reflect net loss attributable to Renewable Fuel.

The net loss attributable to non-controlling interest of PBC contributed approximately $0.93 million, $0.93 million and $23.96 million for the ~~nine~~three months ended ~~June~~December 3031, 2012, 2011 and from Inception October 1, 2006 to ~~June~~December 3031, 2012, respectively from RFC’s 49% ownership in PBC upon its spin-off of the 51% ownership to DCSB on February 2, 2010. (~~see~~See Note 3: Spin Off of Plant Biofuels Corporation)

Warrants – The Company reviews the key terms of warrants issued, including all conversion rates and down round provisions which protect the holder from changes to the our capitalization or future declines in our share price.

On October 1, 2009, the Company reclassified warrants granted through September 30, 2009 from paid in capital to a derivative liability. Holders of those warrants are generally protected from anti-dilution by adjustments for any stock dividends, stock splits, combinations or other recapitalization. The Company reviewed the terms of the warrants and determined that they represented an embedded derivative due to the fact that the warrant is not indexed to its own stock and it was previously presented as stockholders equity. The fair value of the related warrants is determined at the end of each accounting period, with any changes in fair value being recorded as other income or expense.

Revenue Recognition – The Company recognizes revenues from the sale of biodiesel, refined ~~glycerine~~glycerin and related byproducts produced by the Company. Revenues are recognized when there is persuasive evidence of an arrangement, delivery has occurred, the price is fixed or determinable and collectability is reasonably assured.

The Company also earns revenue for consulting services rendered to other companies in the industry. Revenues under these contracts are recognized during the period when related services are rendered.

Foreign Currency Translation and Other Comprehensive Income – - The reporting currency of Renewable Fuel is the US Dollar. The functional currency of Renewable Fuel’s Malaysian subsidiaries is the Malaysian Ringgit (RM) while the functional currency of the Indonesian subsidiaries is the Indonesian Rupiah (IDR).

For the subsidiaries whose functional currencies are other than the US Dollar, all assets and liabilities accounts were translated at the exchange rate on each respective balance sheet date; stockholders' ~~equity (~~deficit) is translated at the historical rates and items in the income and cash flow statements are translated at the average rate for the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income inon the ~~statement~~balance ~~of changes in shareholders' equity (deficit)~~sheets. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

The average and closing rates used in the translated of foreign currency amounts are as follow:

June 30, 2012

June 30, 2011

December 31, 2012

December 31, 2011

Closing Rate USD

Average Rate USD

Closing Rate USD

Average Rate USD

0.~~3132~~3344

0.~~3137~~3319

0.~~3292~~3153

0.~~3268~~3147

1,000 IDR

0.~~1063~~1040

0.~~1092~~1044

0.~~1161~~1115

0.~~1145~~1119

109

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

Net Loss per Common Share – Renewable Fuel presents earnings basic net loss per common share computed by dividing net loss attributable to the Company's common stockholders by the weighted-average number of commons shares outstanding during the period. Diluted net loss per common share is computed by giving effect to all potential dilutive common shares, including options, warrants, and convertible preferred stock. Basic and diluted net loss per common share was the same for all periods presented as the impact of all potentially dilutive securities outstanding was anti-dilutive.

New Accounting Pronouncements – The following accounting standards which may impact our financial statements were issued as of ~~June~~December 3031, 2012. A description of the standards and an assessment of its impact on our financial reporting are noted below:

In ~~December~~October ~~2011~~2012, the Financial Accounting Standards Board issued ASU ~~2011~~2012-1204: ~~Comprehensive~~Technical ~~Income:~~Corrections ~~Deferral~~and ofImprovements ~~the~~which ~~Effective~~this ~~Date~~Update ~~for~~that ~~Amendments~~will tonot ~~the~~have ~~Presentation~~transition ofguidance ~~Reclassifications~~will ofbe ~~Items~~effective ~~Out~~upon ofissuance ~~Accumulated~~for ~~Other~~both ~~Comprehensive~~public ~~Income~~entities inand ~~Accounting~~nonpublic ~~Standards~~entities. ~~Update~~For ~~No.~~public ~~2011-05~~entities, ~~(Topic~~the ~~220)~~amendments ~~which~~that ~~effective~~are ~~for~~subject ~~fiscal~~to ~~years,~~the ~~and~~transition ~~interim~~guidance ~~periods~~will ~~within~~be ~~those~~effective ~~years,~~for fiscal periods beginning after December 15, ~~2011~~2012. ~~for~~For ~~public~~nonpublic entities., ~~Entities~~the amendments that are ~~required~~subject to ~~present~~the ~~reclassification~~transition ~~adjustments~~guidance ~~and~~will ~~the~~be ~~effect~~effective offor ~~those~~fiscal ~~reclassification~~periods ~~adjustments~~beginning onafter ~~the~~December ~~face~~15, of2013.The ~~the~~amendments ~~financial~~in ~~statements~~this ~~where~~Update ~~net~~represent ~~income~~changes isto ~~presented~~clarify the Codification, bycorrect ~~component~~unintended application of ~~net income~~guidance, ~~and~~or onmake ~~the~~minor ~~face~~improvements ofto the ~~financial~~Codification ~~statements~~that ~~where~~are ~~other~~not ~~comprehensive~~expected ~~income~~to ishave ~~presented,~~a bysignificant ~~component~~effect ofon ~~other~~current ~~comprehensive~~accounting ~~income.~~practice ~~This~~or ~~Update~~create ~~was~~a significant administrative cost to ~~help~~most ~~financial~~entities. ~~statements~~Additionally, ~~users~~the ~~better~~amendments will make the Codification easier to understand and the ~~causes~~fair ofvalue anmeasurement ~~entity’s~~guidance ~~change~~easier into ~~financial~~apply ~~position~~by eliminating inconsistencies and ~~result~~providing ofneeded ~~operations~~clarifications. This revised standard is not expected to have a material impact on the consolidated financial statements.

In ~~December~~August ~~2011~~2012, the Financial Accounting Standards Board issued ASU ~~2011~~2012-1103: ~~Balance~~Technical ~~Sheet:~~Amendments ~~Disclosure about Offsetting Assets~~ and ~~Liabilities~~Corrections ~~(Topic~~to ~~210)~~SEC ~~which~~Sections: ~~entities~~Amendments ~~is required~~ to ~~apply~~SEC ~~the~~Paragraphs ~~amendments~~Pursuant ~~for~~to ~~annual~~SEC ~~reporting~~Staff ~~periods~~Accounting ~~beginning~~Bulletin onNo. ~~or after January 1~~114, ~~2013,~~Technical ~~and~~Amendments ~~interim~~Pursuant ~~periods~~to ~~within~~SEC ~~those~~Release ~~annual periods~~No. An33-9250, entity should provide the disclosure required by those amendments retrospectively for all comparative periods presented. The amendments in this Update require an entity to disclose information about offsetting and ~~related~~Corrections ~~arrangements~~Related to ~~enable~~FASB ~~users~~Accounting ofStandards ~~its~~Update ~~financial statements to understand the effect of those arrangements on its financial position~~2010-22. This ~~Update~~revised ~~will~~standard ~~provides~~is ~~information~~not ~~that~~expected ~~enable users of an entity’s financial statements~~ to ~~evaluate~~have ~~the~~a ~~effect~~material orimpact ~~potential effect of netting arrangements~~ on ~~an entity’s financial position, including~~ the ~~effect~~consolidated ~~or potential effect of rights of setoff associated with certain~~ financial ~~instruments and derivative instruments~~statements.

In July 2012, the Financial Accounting Standards Board issued ASU 2012-02: Intangibles: Goodwill and Other: Testing Indefinite-Lived Intangible Assets for Impairment (Topic 350) which effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. This Update are intended to reduce cost and complexity by providing an entity with the option to make a qualitative assessment about the likelihood that an indefinite-lived intangible asset is impaired to determine whether it should perform a quantitative impairment test. The amendments also enhance the consistency of impairment testing guidance among long-lived asset categories by permitting an entity to assess qualitative factors to determine whether it is necessary to calculate the asset’s fair value when testing an indefinite-lived intangible asset for impairment, which is equivalent to the impairment testing requirements for other long-lived assets.This update may impact the accounting for our PBC plant in the future.

In December 2011, the Financial Accounting Standards Board issued ASU 2011-12: Comprehensive Income: Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05 (Topic 220) which effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 for public entities. Entities are required to present reclassification adjustments and the effect of those reclassification adjustments on the face of the financial statements where net income is presented, by component of net income, and on the face of the financial statements where other comprehensive income is presented, by component of other comprehensive income. This Update was to help financial statements users better understand the causes of an entity’s change in financial position and result of operations. This revised standard is not expected to result in a material change to the consolidated financial statements as the Company has effectively implemented the reporting and disclosure requirements of the standard.

In December 2011, the Financial Accounting Standards Board issued ASU 2011-11: Balance Sheet: Disclosure about Offsetting Assets and Liabilities (Topic 210) which entities is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosure required by those amendments retrospectively for all comparative periods presented. The amendments in this Update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. This Update will provides information that enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments. This standard may impact future business transaction accounting and disclosures particularly if the Company enters financial transactions regarding its renewable fuel products.

In December 2011, the Financial Accounting Standards Board issued ASU 2011-10: Property, Plant, and Equipment: Derecognition of in Substance Real Estate-a Scope Clarification (Topic 360) which effective for fiscal years and interim period within those years, beginning on or after June 15, 2012 for public entities. Early adoption permitted. The amendments in this Update affect entities that cease to have a controlling financial interest in a subsidiary that is in substance real estate as a result of default on the subsidiary’s nonrecourse debt. This Update may impact the accounting for our PBC plant and related term loan.

InNOTE ~~June~~2 ~~2011,~~— ~~the~~LIQUIDITY ~~Financial~~AND ~~Accounting~~GOING ~~Standards~~CONCERN Board issued ASU 2011-05: Comprehensive Income: Presentation of Comprehensive Income (Topic 220) which is effective for fiscal years and interim periods within those years, beginning after December 15, 2011 for public entity. This Update is the result to improve the presentation of comprehensive income in a manner that is as convergent as possible.CONSIDERATIONS

InThe ~~May~~accompanying ~~2011,~~consolidated ~~the~~condensed ~~Financial~~financial ~~Accounting~~statements ~~Standards~~have ~~Board~~been ~~issued~~prepared ~~ASU~~assuming ~~2011-04:~~that ~~Fair~~the ~~Value~~Company ~~Measurement:~~will ~~Amendments~~continue toas ~~Achieve~~a ~~Common~~going ~~Fair~~concern, ~~Value~~which ~~Measurement~~contemplates the realization of assets and ~~Disclosure~~satisfaction ~~Requirements~~of liabilities in Uthe normal course of business.S. ~~GAAP~~The ~~and~~Company ~~IFRSs~~has ~~(Topic~~experienced ~~820)~~cumulative ~~which~~losses isof ~~effective~~$65.8 ~~for~~million ~~fiscal~~from ~~years~~October ~~beginning~~1, ~~after~~2006 (inception) through December 1531, ~~2011~~2012, has net negative equity of $5.6 million and has not commenced operations. This ~~revised~~raises ~~standard~~substantial ~~may~~doubt ~~impact~~about ~~future~~the ~~business~~Company’s ~~fair~~ability ~~value~~to ~~measurement~~continue ~~and~~as ~~disclosures~~a going concern.

~~NOTE~~The ~~2—LIQUIDITY~~Company ~~AND~~is ~~GOING~~currently ~~CONCERN~~in ~~CONSIDERATIONS~~non-compliance with debt covenants on the term loan facilities and has not made any installment repayments as they became due beginning on December 1, 2010. The term loans are secured by first priority interest over all existing property, plant and equipment, and all fixed and floating assets of PBC. The facilities are jointly and severally guaranteed by both the PBC directors.

~~The~~On ~~accompanying~~January ~~consolidated~~30, ~~condensed~~2013, ~~financial statements have been prepared assuming that~~ the ~~Company~~bank ~~will~~granted ~~continue~~PBC asan aextension ~~going~~for ~~concern,~~full ~~which contemplates the realization of assets~~ and ~~satisfaction~~final ofsettlement ~~liabilities~~on inor ~~the~~before ~~normal course of business. The Company has experienced cumulative losses of $63.6 million from October 1, 2006 (inception) through~~ June 30, ~~2012,~~2013. ~~has~~The ~~net~~bank ~~negative~~may ~~equity~~take ofaction ~~$4.1~~against ~~million~~PBC and ~~has~~may ~~not~~foreclose ~~commenced~~on ~~operations.~~the note ~~This~~as ~~raises~~a ~~substantial~~consequence ~~doubt~~causing ~~about~~PBC ~~the Company’s ability~~ to ~~continue~~lose asall aits ~~going concern~~assets.

WeThe ~~are~~management ~~currently~~of inPBC ~~non-compliance~~is ~~with~~actively ~~debt~~negotiating ~~covenants~~with on the ~~term~~bank ~~loan~~to ~~facilities~~restructure ~~and~~the ~~have~~facilities ~~not~~or ~~made~~reschedule ~~any~~the ~~installment~~facilities ~~repayments as they become due beginning on December 1, 2010~~repayment. The ~~term~~bank ~~loans~~has ~~are~~verbally ~~secured~~indicated bytheir ~~first~~willingness ~~priority~~to ~~interest~~review ~~over all existing property, plant~~ and ~~equipments,~~assess ~~and~~the ~~all~~biodiesel ~~fixed~~industry ~~and~~as ~~floating~~a ~~assets~~whole ofwith ~~Plant~~all ~~Biofuels~~the ~~Corporation~~players ~~Sdn~~in ~~Bhd~~the ~~(“PBC”).~~industry ~~The~~and ~~facilities~~to ~~are~~find ~~jointly~~a ~~and~~solution ~~severally~~that ~~guaranteed~~will bycure ~~both~~ the ~~PBC directors~~distress.

11The Company has held discussions with a number of potential lenders to provide the necessary financing to refinance the debt with the bank, to complete construction and maintenance of the PBC plant to make it operational for biofuel, to finance the acquisition of feedstock and inventory and to provide additional working capital necessary to operate the plant through fiscal year 2013. These discussions are in preliminary stages and certain lenders are in the process of performing due diligence. The ultimate outcome of these on-going discussions is unknown.

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

Bank Pembangunan Malaysia Bhd (“the Bank”) has not notified us that we are in default. As a result of the default, the Bank may foreclose on its note as a consequence and we could lose all of the PBC assets.

The management of PBC is actively negotiating with the Bank to restructure the facilities or reschedule the facilities repayment. The Bank has verbally indicated their willingness to review and assess the biodiesel industry as a whole with all the players in the industry and to find a solution that will cure the distress.

Renewable Fuel is undertaking various plans and measures to raise capital through debt and equity offerings, which it believes will increase funds available for development and working capital. However, no assurances can be given that those plans and measures will be successful in increasing funds for the development and operations of the Company.

Should the Company be unsuccessful in obtaining debt or equity financing in early 2013, it is likely that the bank will foreclose on the PBC plant.

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 3—SPIN OFF PLANT BIOFUELS CORPORATION

As a result of Renewable Fuel's purchase of PBC in December 2007, PBC was not in compliance with several debt covenants, and in technical default on its primary loan facility with a Malaysian bank (see "Note 5 - Term Loans in Default" for additional information regarding the loan facility). The primary issue involved the stipulation that the obligor on the loan facility, PBC, must be owned by at least a simple majority of domiciled Malaysian citizens. In order to cure the default the Company transferred 51% of the common shares of PBC to ~~Dakap Capaian Sdn~~DakapCapaianSdn. Bhd. ("DCSB"), a company wholly-owned and controlled by two of the Company's directors.

The transaction to transfer PBC shares to DCSB was completed on February 2, 2010 as follows.

1.	Each of the two companies that formerly owned PBC, transferred 51% of the Renewable Fuel stock they received as consideration for the sale of PBC.

2.	Renewable Fuel transferred 51% of the PBC shares it acquired in December 2007 to DCSB.

These transfers are intended to be temporary, were undertaken for the sole purpose of curing the debt covenant default, and per the share exchange agreement will unwind and revert to prior ownership levels at the time that the debt with the Bank is extinguished. The Company has classified the common shares it received in exchange as Treasury Stock, to revert back to the original owners in the future. The Company reviewed the valuation of the 51% ownership in PBC and in turn determined that the fair value of the consideration of this transaction was equal to $3,723, which is the par value of the Company’s common shares.

The transfer of 51% of the stock of PBC to DCSB, among other obligations in the transfer agreement, states that at such time the bank debt is satisfied, 100% ownership of PBC will be transferred back to the Company. Based upon terms of the share exchange agreement, management has determined that PBC is a wholly owned subsidiary for accounting purposes as a variable interest entity to the Company. In addition, the Company is providing full management, operational and financial support to PBC.

In addition, PBC executed a loan agreement for $1820.81 million to recognize advances made by Renewable Fuel to date. This loan is to be paid together with estimated interest of $5.25 million in 48 equal monthly installments, beginning January 1, 2015. The loan balances have been eliminated in the Company’s consolidated financial statements.

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

NOTE 4—PROPERTY, PLANT AND EQUIPMENT, NET

Property and equipment, net consisted of the following at:

	June 30, 2012			September 30, 2011
	December 31, 2012			September 30, 2012
Buildings and improvements	$	2931,~~608~~604		$	2931,~~699~~132
Furniture and equipment		2729,~~638~~453			2729,~~728~~025
Computer equipment		2022,~~296~~402			2022,~~378~~150
Vehicles		6468,~~022~~339			6467,~~218~~320
Total		~~141~~151,~~564~~798			~~142~~149,~~023~~627
Less - accumulated depreciation		(96113,~~251~~437	)		(80106,~~554~~448	)
Property and equipment, net	$	4538,~~313~~361		$	6143,~~469~~179

Plants in progress consisted of the following at:

	June 30, 2012			September 30, 2011
	December 31, 2012			September 30, 2012
PBC plant and leasehold interest in land	$	4346,~~890~~849,~~889~~968		$	4446,~~025~~151,~~213~~378
Century/PTPBI plant and leasehold interest in land		1617,~~668~~758,~~442~~538			1617,~~739~~502,~~708~~015
Optimis/PTOTI plant		1213,~~608~~458,~~346~~388			1213,~~646~~257,~~932~~707
Total		7378,~~167~~066,~~677~~894			7376,~~411~~911,~~853~~100
Less - accumulated impairment losses		(4952,~~009~~280,~~851~~571	)		(4951,~~179~~509,~~975~~233	)
Plants in progress, net	$	2425,~~157~~786,~~826~~323		$	2425,~~231~~401,~~878~~867

Renewable Fuel leases the land for its plants under 20 and 99 year agreements and capitalizes the upfront payments for the leasehold interests. The carrying amount for the land includes these upfront lease payments and land costs, duties and professional fees incurred in relation to the acquisition of the land. Both of the lands are only for industrial purposes, and entitle to tenure renewal upon lease tenure maturity.

During 2009, the Company performed a fair value assessment on the plants and leasehold interest in land which resulted in substantial impairment. No additional impairment expense has been recorded since 2009. Changes in the accumulated impairment losses are a result of foreign currency translation adjustments.

Estimated plant useful life is 15 years and depreciation will begin once the plant is placed in service.

NOTE 5—TERM LOANS IN DEFAULT

PBC was in default which stemmed from a debt covenant requiring the Company to obtain the ~~Bank~~bank’s approval prior to engaging in activities that would change ownership of PBC. The Company's acquisition of PBC in December, 2007 occurred without the ~~Bank~~bank's approval. The ~~Bank~~bank requires that majority ownership of creditors be domiciled Malaysian. The Company cured this default by engaging in a divesture of 51% of the legal ownership to a wholly-owned Malaysian entity in February 2010.

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

In May 2010, PBC negotiated modifications to its loan facility with the Malaysian bank. The modifications, effective November 2009, extended the availability period of the revolving line of credit from December 2009 to December 2010, the maturity of the term loans from six years to seven years and the first monthly payment date from January 2010 to November 2010. These modifications resulted in the Company being in compliance with the terms of the loan.

However, since December 2010 PBC was unable to remit its first installment repayment to the ~~Bank~~bank in accordance with the repayment schedule. PBC has been served with a second reminder notice from the ~~Bank~~bank, which ~~will potentially~~ put PBC in default.

~~The~~On ~~Bank~~January ~~has~~30, ~~not~~2013, ~~notified~~the usbank ~~that~~granted wePBCan ~~are~~extension infor ~~default~~full and ~~has~~final ~~not~~settlement ~~taken~~on ~~any~~or ~~action~~before asJune a30, ~~result of this default~~2013. AsThe abank ~~result~~may oftake ~~the~~action ~~default~~against ~~the~~PBC, ~~Bank~~and may foreclose on ~~its~~ the note as a consequence and wePBC could lose all ofits ~~the PBC~~ assets.

The management of PBC is actively negotiating with the ~~Bank~~bank to restructure the facilities or reschedule the facilities repayment. The ~~Bank~~bank has verbally indicated their willingness to review and assess the biodiesel industry as a whole with all the players in the industry and to find a solution that will cure the default and facilitate PBC in getting the plant operational by either advancing funds or subordinating its debt.

Debt consisted of the following as of:

	June 30,		September 30,
	December 31,		September 30,
	2012		~~2011~~2012
Term loan maturing November 7, 2014, payable in monthly installments of $32,000 beginning December 1, 2010, bearing interest at 8.3% as of June 30, 2012.	$	1,521,686	$	1,291,941
Term loan maturing November 7, 2014, payable in monthly installments of $35,000 beginning December 1, 2010, bearing interest at 8.3% as of December 31, 2012.	$	1,694,217	$	1,634,239
Term loan maturing November 7, 2014, payable in monthly installments of $527,000 beginning January 1, 2011, bearing interest at 8.3% as of June 30, 2012.		25,313,389		23,832,156
Term loan maturing November 7, 2014, payable in monthly installments of $587,000 beginning January 1, 2011, bearing interest at 8.3% as of December 31, 2012.		28,191,705		27,189,182
Total term loans in default, current	$	2629,~~835~~885,~~075~~922	$	2528,~~124~~823,~~097~~421

~~Future contractual principal payments on the term loans are as follows:~~13

For the periods ended June 30:
2013	$	10,198,679
2014		6,708,769
2015		6,708,769
2016		3,218,858
2017		-
Thereafter		-
Total	$	26,835,075

The Company has classified the term loans as a current liability due to the fact that planned principal payments were not made following the end of period ended December 31, 2012. As of December 31, 2012, the term loan payable in default amounted to $19,953,058.

~~The~~In ~~Company~~January ~~has~~2012, ~~classified~~ the ~~term~~bank ~~loans~~advanced as a ~~current~~total ~~liability~~of ~~due~~$154,103 to the ~~fact~~Company ~~that~~for ~~planned~~expenses ~~principal~~incurred ~~payments~~on ~~were~~the ~~not~~Malaysian ~~made~~plant ~~following~~for ~~the~~its ~~end~~Industrial ofAll ~~period~~Risks ~~ended~~insurance ~~June 30~~policy, ~~2012.~~and Asthe ofplant’s ~~the~~independent ~~periods~~assessment. ~~ended~~This ~~June~~amount ~~30,~~is included ~~2012,~~within the total term loan ~~payable~~outstanding inby ~~default~~the ~~amounted~~bank toand ~~$12,158,478~~is carrying the same interest rate as the term loan.

InThe ~~January~~Company ~~2012,~~incurred ~~the~~interest ~~Bank~~expense ~~advanced a total~~ of $~~144,591~~0.6 tomillion ~~the Company for expenses incurred on the Malaysian plant for its Industrial All Risks insurance policy,~~ and ~~the plant’s independent assessment~~$0.5 ~~This~~million ~~amount~~during ~~is accumulated into~~ the ~~total~~three ~~term~~months ~~loan~~ended ~~outstanding~~December by31, ~~the~~2012 ~~Bank~~ and ~~carrying~~2011, ~~the same interest rate as the term loan~~respectively.

The Company incurred interest expense of $1.7 million and $1.6 million during the nine months ended June 30, 2012 and 2011, respectively.

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

NOTE 6—STOCKHOLDERS' EQUITY

Common Stock

From October 1, ~~2010~~2011 through September 30, ~~2011~~2012, the Company issued ~~628~~491,~~022~~740 shares of its restricted common stock to individuals at $1.00 per share for consideration totaling $~~628~~491,~~022~~740.

During the ~~nine~~three months ended ~~June~~December 3031, 2012 the Company issued ~~323~~33,~~119~~950 shares of its restricted common stock to individuals at $1.00 per share for cash consideration totaling $~~323~~33,~~119~~950.

Common Stock Options

The Company’s CEO receives common stock ~~option~~options equal to 5% of all equity transactions, as defined in his employment agreement, including common and preferred stock issuances. The options have immediate vesting terms and have a contractual life of ten years. The following table outlines common stock options granted to the CEO since inception:

			Exercise price
Date Issued	Options issued		per share		Fair Value
December 31, 2007		3,650,000	$	0.10	$	319,697
September 5, 2008		6,045,400	$	0.07		390,822
September 24, 2008		458,584	$	1.00		22,831
September 30, 2009		1,304,968	$	1.00		747,765
Year ended September 30, 2009		1,304,968	$	1.00		747,765
September 30, 2010		57,850	$	1.00		33,150
Year ended September 30, 2010		57,850	$	1.00		33,150
September 30, 2011		81,740	$	1.00		57,813
Year ended September 30, 2011		81,740	$	1.00		57,813
Nine months ended June 30, 2012		16,150	$	1.00	$	11,422
Year ended September 30, 2012		24,578	$	1.00		17,383
Total issued since inception		11,614,692			$	1,583,500
Threemonths ended December 31, 2012		1,696	$	1.00		1,200
Total issued since inception		11,624,816			$	1,590,661

The fair value of each option grant is estimated at the date of grant using the Black-Scholes pricing model with the following ~~weighted average~~ assumptions for grants during the ~~nine~~three months ended ~~June~~December 3031, 2012 and the period from October 1, 2006 (Inception) through ~~June~~December 3031, 2012:

	June 30, 2012			Inception to June 30, 2012
	December 31, 2012			Inception to December 31, 2012
Weighted average fair value of options granted	$	0.71		$	0.14
Dividend yield		0	%		0	%
Weighted average risk-free interest rate		2.13	%		1.43	%
Approximate risk-free interest rates		2.13	%		1.43	%
Weighted average expected volatility		91	%		122	%
Estimated volatility		91	%		122	%
Expected life in years		5			5
Expected termin years		5			5
Weighted average fair value of common stock	$	1.00		$	0.19

Compensation expense recognized in the accompanying consolidated statement of operations related to the Employee Options and CEO Options for the nine months ended June 30, 2012 and 2011 and for the period from October 1, 2006 (inception) through June 30, 2012, were approximately $18,000, $46,000 and $2,237,000, respectively.14

15Compensation expense recognized in the accompanying consolidated statement of operations related to the Employee Options and CEO Options for the three months ended December 31, 2012 and 2011and for the period from October 1, 2006 (inception) through December 31, 2012, were approximately $1,900, $2,000 and $1,508,000, respectively.

Renewable Fuel Corp

Notes to Consolidated Financial Statements

(Unaudited)

The following table summarizes information about common stock options granted, exercised, forfeited, vested and exercisable:

	Options		Weighted- Average Exercise Price
Outstanding at September 30, 2011		14,798,542		0.21
Outstanding at September 30, 2012		14,823,120		0.21
Granted		161,~~150~~696		1.00
Forfeited		-		-
Exercised		-		-
Options exercisable – June 30, 2012		14,814,692	$	0.21
Options exercisable – December 31, 2012		14,824,816	$	0.21
Options vested or expected to vest		14,~~814~~824,~~692~~816	$	0.21

On July 20, 2012, the Company extended the term of options issued prior to July 20, 2012 an additional three ~~(3)~~ years from the date of vesting. As a result, the Company ~~will~~recorded ~~record~~ approximately $1.1 million of stock based compensation during the fourth quarter of fiscal 2012.

The following is a summary of options outstanding and exercisable at ~~June~~December 3031, 2012:

				Weighted-Average				Weighted-Average
Exercise		Options		Remaining		Options		Remaining
Price		Outstanding		Contractual Life		Exercisable		Contractual Life
$	0.07		6,045,400		98.27		6,045,400		98.27
$	0.10		6,850,000		8.50		6,850,000		8.50
$	1.00		1,~~919~~929,~~292~~416		9.61		1,~~919~~929,~~292~~416		9.61
$	0.20		14,~~814~~824,~~692~~816		8.94		14,~~814~~824,~~692~~816		8.94

Common Stock Warrants

On February 20, 2009, the Company issued a warrant to purchase 600,000 shares of the Company's common stock, to an individual as compensation for services rendered in connection with equity capital raising activities. Under the warrant the holder may purchase up to 600,000 shares of common stock for $1.00 per share. Holders of the Company's common stock warrants are generally protected from anti-dilution by adjustments for any stock dividends, stock splits, combinations or other recapitalization. On July 20, 2012 the Company extended the warrant expiration date for an additional three ~~(3)~~ years.

For purposes of determining the fair value of the common stock warrant, the Company used the Black-Scholes option pricing model and the assumptions set forth in the table below.

The weighted average fair value of warrant issued (per common share)	$	0.43
Dividend yield		0	%
Weighted average risk-free interest rate		1.81	%
Approximate risk-free interest rate		1.81	%
Weighted average expected volatility		70	%
Estimated volatility		70	%
Expected life in years		2.5
Expected termin years		2.5

The fair value of the warrant was determined using the deemed fair value of the underlying common stock of $1.00 per common share at February 20, 2009. Because the Company's stock is not publicly traded, the Company used the average historical volatility rate for publicly traded companies that are engaged in similar alternative fuel activities to those of the Company for a similar time period as the expected life of the warrant. The expected life of the warrant was derived as the midpoint between its five year contractual life and it’s immediately exercisability. The fair value of the warrant determined was included in additional paid-in capital as a transaction cost.15

16The fair value of the warrant was determined using the deemed fair value of the underlying common stock of $1.00 per common share at February 20, 2009. Because the Company's stock was not publicly traded, the Company used the average historical volatility rate for publicly traded companies that were engaged in similar alternative fuel activities to those of the Company for a similar time period as the expected term of the warrant. The expected term of the warrant was derived as the midpoint between its five year contractual life and the date it became fully exercisability. The fair value of the warrant determined was included in additional paid-in capital as a transaction cost.

~~Renewable~~The ~~Fuel~~Company ~~Corp~~reclassified the value of the warrants from paid in capital to derivative liability on October 1, 2009. The Company used the Black-Scholes option pricing model to determine the fair value of the warrants at the end of each accounting period. As of December 31, 2012, the fair value of the derivative liability was valued at $226,132, which resulted in other income of $6,170 for the three months ended December 31, 2012.

Notes to Consolidated Financial Statements

(Unaudited)

The Company reclassified the value of the warrants from paid in capital to derivative liability on October 1, 2009. The Company used the Black-Scholes option pricing model to determine the fair value of the warrants at the end of each accounting period. As of June 30, 2012, the fair value of the derivative liability was valued at $238,750, which resulted in other expense of $64,133 for the nine months ended June 30, 2012.

Mandatorily Convertible Preferred Stock

The Company’s restated certificate of incorporation filed on September 18, 2008 authorizes 10,000,000 shares of Preferred Stock with a par value of $0.0001 and a stated value of $10.00.

A summary of the Company’s convertible preferred stockholders is as follows at:

	Shares Held as of:
	June 30, 2012		September 30, 2011
Plant Offshore Group Limited		-		1,017,878
Oilcorp International Limited		-		2,211,166
Well Crown Investments Limited		-		-
Total		-		3,229,044

The holders of the Series A Preferred Stock (“Preferred Stock”) accrue dividends at the rate of 8% per share per annum. Dividends are cumulative, accrue on a quarterly basis commencing one year from the date of issuance (the "Commencement Date") and when declared will be paid with the Company's common stock at a conversion rate of $1.00 per common share. Dividends will accrue from the commencement date until the preferred shares have been converted into debt or common stock as described below. If dividends on the Series A Preferred Stock have not been paid or declared, the deficiency shall be paid or declared before any dividend is declared for common stock. Dividends in arrears do not bear interest. The Company has not declared any dividends on the Series A Preferred Stock outstanding. All of the accumulated dividends totaling $6,565,638 were converted into common stock in 2012.

Effective March 20, 2012, Oilcorp disposed off 100% of the preferred stock and its rights to Well Crown Investments Limited.

Effective March 1, 2012, Plant Offshore Group Limited converted their 1,017,878 shares of the Company preferred stock with the entitled 8% cumulative accrued dividends as of February 29, 2012, into 11,965,875 shares of the Company’s common stock. The conversion is based on the price of $1.00 per common stock as per the preferred stock subscription agreement.

Effective March 31, 2012, Well Crown Investments Limited converted their 2,211,166 shares of the Company preferred stock with the entitled 8% cumulative accrued dividends as of March 31, 2012, into 26,890,203 shares of the Company common stock. The conversion is based on the price of $1.00 per common stock as per the latest common stock subscription’s price and the lack of trading activity during a 10 days period.

NOTE 7—RELATED PARTY TRANSACTIONS

The Company has significant contracts with subsidiaries which are also common stockholders to construct its biodiesel plants (see "Note 9 - Commitments and Contingencies" for additional information regarding these contracts). Cash flows remitted by the Company to the contractors are treated as financing in nature given the significant lag time between the timing of work completed, and the payment or conversion of outstanding billings.

17Advances totaling $26,169 and $25,779 from Plant & Offshore Technology Sdn. Bhd., an indirect subsidiary of Plant Offshore Group Limited (“POGL”), are included in accounts payable, related parties at December 31, 2012 and September 30, 2012, respectively.

~~Renewable Fuel Corp~~16

~~Notes~~Oilcorp is a vendor currently engaged by the Company to ~~Consolidated~~provide ~~Financial~~engineering ~~Statements~~and design services in connection with the on-going construction of a biodiesel plant in Indonesia (see "Note 6 - Stockholders' Equity" for additional information with respect to the terms of the Company's Series A Preferred Stock issued to Oilcorp in exchange for trade payables related to these services). Accounts payable to various subsidiaries of Oilcorp, totaled $72,678 and $71,594 are included in accounts payable, related parties at December 31, 2012 and September 30, 2012, respectively.

~~(Unaudited)~~Accounts payable, related party in the Company's accompanying balance sheet includes $457,891 and $538,966 of amounts payable to directors or shareholders of the Company’s subsidiary companies as of December 31, 2012 and September 30, 2012, respectively.

~~Advances~~Amounts ~~totaling~~payable ~~$24,516~~to ~~and~~other ~~$24,591~~related ~~from~~parties ~~Plant~~were &$0 ~~Offshore~~and ~~Technology Sdn. Bhd.~~$1,099 anas ~~indirect subsidiary~~ of ~~Plant~~December ~~Offshore Group Limited (“POGL”)~~31, ~~are included in accounts payable, related parties at June 30,~~ 2012 and September 30, ~~2011~~2012, respectively.

~~Oilcorp~~On isFebruary a2, ~~vendor~~2010 ~~currently engaged by~~ the Company toentered ~~provide~~into ~~engineering~~a ~~and~~share ~~design~~exchange ~~services~~agreement ~~in connection~~ with ~~the~~DakapCapaianSdn. ~~on-going~~Bhd., ~~construction of~~ a ~~biodiesel~~company ~~plant in Indonesia (see "Note 6~~ wholly-owned ~~Stockholders'~~and ~~Equity"~~controlled ~~for~~by ~~additional~~two ~~information with respect to the terms~~ of the Company's ~~Series~~shareholder-directors A(see ~~Preferred~~"Note ~~Stock~~3 ~~issued~~– toSpin ~~Oilcorp~~off inPlant ~~exchange~~Biofuels Corporation" for ~~trade~~additional ~~payables~~information ~~related~~in respect to ~~these~~the ~~services~~transaction). ~~Accounts~~As ~~payable~~of toDecember ~~various~~31, ~~subsidiaries~~2012, ofthe ~~Oilcorp,~~Company ~~totaled~~has ~~$68,088~~accounts ~~and~~receivable totaling $6812,~~296~~279 ~~are~~from ~~included~~DakapCapaianSdn. inBhd. ~~accounts~~related ~~payable,~~to ~~related~~expenses ~~parties~~incurred atin ~~June~~connection ~~30,~~with ~~2012~~the ~~and~~February ~~September~~2010 ~~30,~~share ~~2011,~~exchange ~~respectively~~agreement.

Accounts payable, related party in the Company's accompanying balance sheet includes $519,379 and $449,934 of amounts payable to directors or shareholders of Renewable Fuel's consolidating companies as of June 30, 2012 and September 30, 2011, respectively.

Amounts payable to other related parties were $1,164 and $1,153 as of June 30, 2012 and September 30, 2011, respectively.

On February 2, 2010 the Company entered into a share exchange agreement with Dakap Capaian Sdn. Bhd., a company wholly-owned and controlled by two of the Company's shareholder-directors (see "Note 3 – Spin off Plant Biofuels Corporation" for additional information in respect to the transaction). As of June 30, 2012, the Company has accounts receivable totaling $11,503 from Dakap Capaian Sdn. Bhd. related to expenses incurred in connection with the February 2010 share exchange agreement.

NOTE 8—OPERATING SEGMENTS

The Company reports its operating segments based on geographical location of future biodiesel refining activities, which include Malaysia, Indonesia and corporate activities. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company does not allocate items that are of a non-operating nature or corporate expenses to the business segments. Corporate expenses consist of corporate office expenses including compensation, benefits, occupancy and other administrative costs, including management service expenses.

The following table represents the significant results and financial position by operating segment during the period:

	Nine months ended			Nine months ended
	Three months ended			Three months ended
	June 30,			June 30,
	December 31,			December 31,
	2012			2011
Loss before income taxes:
Malaysia	$	(1685,~~851,943~~419	)	$	(1581,~~815,202~~314	)
Indonesia		6(15,~~432~~050	)		~~(42~~31,~~585~~010	)
Corporate (a)		(~~434~~147,~~539~~462	)		(~~396~~46,~~960~~307	)
	$	(2847,~~280,050~~931	)	$	(2596,~~254,717~~611	)
	As of			As of
	June 30, 2012			September 30, 2011
Assets:
Malaysia	$	24,311,670		$	24,329,974
Indonesia		16,867			24,885
Corporate (b)		88,443			60,911
	$	24,416,980		$	24,415,770

	As of		As of
	December 31, 2012		September 30, 2012
Assets:
Malaysia	$	25,843,241	$	25,528,484
Indonesia		12,278		14,824
Corporate (b)		62,393		43,956
	$	25,917,912	$	25,587,264

~~Renewable Fuel Corp~~___________

Notes to Consolidated Financial Statements

(Unaudited)

(a)	Corporate and other includes income/(expense) not associated with the business segments, such as corporate general and administrative expenses, shared service expenses, interest expense and interest income, all reflected on an accrual basis of accounting.

(b)	Corporate and other includes cash and other assets not associated with the business segments.

NOTE 9—COMMITMENTS AND CONTINGENCIES

On January 18, 2007 PBC entered into an agreement with Oil-Line Engineering & Associates ~~Sdn~~SdnBhd ~~Bhd~~ ("OLEA"), a subsidiary of Oilcorp, whereby OLEA would provide engineering, procurement and construction management of a 60 MGA, CPO feedstock biodiesel facility in Malaysia. The contract price indicated a cost of approximately $3638 million. At ~~June~~December 3031, 2012 construction on the Kuantan plant was substantially complete.

On March 6, 2007 Optimis entered into an agreement with OLEA, whereby OLEA would provide engineering, procurement and construction management of a 60 MGA, CPO feedstock biodiesel facility in Indonesia. The contract price indicated a cost of approximately $3638 million. On August 5, 2008 the Company entered into a Supplement Agreement with OLEA to expand the capabilities of the subject plant to accept multiple types of feedstock. The adjusted contract indicates a cost of approximately $6266 million.

On December 12, 2008 Century entered into an agreement with Plant & Offshore Technology ~~Sdn Bhd~~SdnBhd, an indirect subsidiary of POGL, whereby POGL would provide engineering, procurement and construction management of a 60 MGA, multi-feedstock biodiesel facility in Indonesia. The contract price indicates a cost of approximately $6367 million. On August 23, 2011 the contract has been terminated due to the contract period has expired.

As of ~~June~~December 3031, 2012, the Company was not subject to any material legal proceedings. From time to time, however the Company is named as a defendant in legal actions arising from normal business activities with customers, vendors and business partners. Although the Company cannot accurately predict the amount of its liability, if any, that could arise with respect to currently pending legal actions, it is not expected that any such liability will have a material adverse effect on the Company's financial position, operating results or cash flows.

~~NOTE 10—SUBSEQUENT EVENTS~~18

From July 1, 2012 through August 3, 2012 the Company issued 63,924 shares of its restricted common stock to individuals at $1.00 per share for consideration totaling $63,924. In connection with these transactions the Company's CEO was granted 1,278 shares of common stock and options to acquire 3,195 shares of common stock in accordance with the terms of his employment agreement, which grants him awards of 2% and 5%, respectively, in the event the Company enters into an equity transaction, as defined by his employment agreement.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

CAUTIONARY STATEMENT

The following discussion and analysis of the financial condition and results of our operations should be read in conjunction with our financial statements and the notes thereto which appear elsewhere in this report. The results shown herein are not necessarily indicative of the results to be expected for any future periods.

This discussion contains forward-looking statements, based on current expectations. All statements regarding future events, our future financial performance and operating results, our business strategy and our financing plans are forward-looking statements and involve risks and uncertainties. In many cases, you can identify forward-looking statements by terminology, such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," or the negative of such terms and other comparable terminology. Those statements appear in a number of places in this Form S-1 and in other places, particularly, Management's Discussion and Analysis of Financial Condition and Results of Operations, and include statements regarding the intent, belief or current expectations of the Corporation, its directors or its officers with respect to, among other things: (i) the Corporation's liquidity and capital resources; (ii) its financing opportunities and plans and (iii) its future performance and operating results. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The factors that might cause such differences include, among others: (i) any material inability of the Corporation to successfully identify, consummate and integrate the acquisition of finance receivables at reasonable and anticipated costs, (ii) any material inability of the Corporation to successfully develop its products; (iii) any adverse effect or limitations caused by governmental regulations; (iv) any adverse effect on the Corporation's continued positive cash flow and ability to obtain acceptable financing in connection with its growth plans; (v) any increased competition in business; (vi) any inability of the Corporation to successfully conduct its business in new markets; and (vii) other risks including those identified in the Corporation's filings with the SEC. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause our actual results and the timing of events to differ materially from those projected in any forward-looking statements. In evaluating these statements, you should specifically consider various factors, including, but not limited to, those set forth under "Summary Information and Risk Factors" and elsewhere in this Report.

SPECIAL INFORMATION REGARDING FORWARD LOOKING STATEMENTS

The Management’s Discussion and Analysis of Financial Condition and Results of Operations and Plan of Operation (“MD&A”) should be read in conjunction with our unaudited consolidated financial statements for the ~~nine~~three months ended ~~June~~December 3031, 2012 and ~~2011~~201. ~~The discussion also includes subsequent activities up to August 14, 2012.~~ These financial statements have been prepared in accordance with generally accepted accounting policies in the United States (“GAAP”). Except as otherwise disclosed, all dollar figures included therein and in the following MD&A are quoted in U.S. dollars.

The following discussion and analysis should be read in conjunction with our financial statements and related notes appearing elsewhere in this Report. In addition to historical information, this discussion and analysis contains forward-looking statements that involve risks, uncertainties, and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factor set forth in this Report.

Management’s Discussion and Analysis of Financial Condition and Results of Operations is based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and assumptions. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates and assumptions.

Critical Accounting Policies and Estimates

Critical accounting policies are those we believe are most important to portraying our financial conditions and results of operations and also require the greatest amount of subjective or complex judgments by management. Judgments and uncertainties regarding the application of these policies may result in materially different amounts being reported under various conditions or using different assumptions. There have been no material changes to the critical accounting policies previously disclosed in our Audited Report on Form ~~S1/A (Amendment~~ 10)-K for the fiscal year ended September 30, ~~2011~~2012.

Our unaudited interim consolidated financial statements and accompanying notes included in this quarterly report are prepared in accordance with U.S. generally accepted accounting principles. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. These estimates and assumptions are affected by management’s application of accounting policies. Estimates are deemed critical when a different estimate could have reasonably been used or where changes in the estimates are reasonably likely to occur from period to period, and would materially impact our financial condition, changes in financial condition or results of operations. Our significant accounting policies are discussed in Note 1 of the Notes to our unaudited consolidated financial statements as of December 31, 2012 and September 30, 2012 and for the three months ended December 31, 2012 and 2011. On an ongoing basis, we evaluate our estimates, including those related to the potential impairment of property, plant and equipment, derivative liabilities, and stock based compensation. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Recent Accounting Pronouncements

See Note 31 to our unaudited consolidated financial statements included elsewhere in this report.

Result of Operations

~~Third~~First Quarter Three Months Ended ~~June~~December 3031, 2012 compared to ~~June~~December 3031, 2011

During the ~~third quarter~~ three months ended ~~June~~December 3031, 2012, we reported ~~revenues of~~ $~~48,000~~0 ~~mainly from the recognition of consultation services provided~~revenue, and a net loss attributable to common shareholders of approximately $0.65 million or $0.00002 per share, compared to revenue of $0110,000 mainly from the recognition of consultation services provided, and a net loss attributable to common shareholders of approximately $10.19 million or $0 .01005 per share for ~~third quarter~~ the three months ended ~~June~~December 3031, 2011. Total costs of sales was approximately $4540,000 and $107,000, operating expenses of approximately $~~0.3~~200,000 ~~million~~ and $~~0.2~~219,000 ~~million~~ of which approximately $6870,000 and $~~103~~84,000 related to payroll and share based compensation related expense and $8053,000 and $5980,000 related to legal and professional fees with the remaining operating expenses incurred during the period were approximately $8777,000 and $5149,000 during the ~~third quarter~~ three months ended ~~June~~December 3031, 2012 and 2011 respectively.

The $3514,~~000~~600 reduction in payroll and share based compensation related expense is the result ~~in an approximate saving~~ of $3314,~~000~~500 ~~from~~in ~~the~~savings associated with a reduction of employee head count ~~and~~as ~~employee~~well ~~compensation,~~as ~~and~~a anreduction ~~decrease~~ in the CEO’s share based compensation related expense ~~resulted in an approximate reduction of $2,000~~.

Legal and professional fees ~~paid~~were inreduced ~~previous~~by ~~periods~~approximately ~~are~~$27,000 ~~for~~as ~~mergers~~the ~~and~~use ~~acquisitions and initial preparation~~ of ~~registration~~consultants ~~statements~~decreased. ~~This period’s legal and professional fees were increased by approximately $21,000.~~

During the ~~third quarter~~ three months ended ~~June~~December 3031, 2012 and 2011, ~~the Company~~ we recognized a net loss attributable to non-controlling interest of approximately $~~329~~349,~~548~~564 and $~~295~~296,~~264~~470.

During the ~~third quarter~~ three months ended ~~June~~December 3031, 2012 and 2011, ~~the~~we ~~Company~~ accrued dividends of approximately $0 and ~~approximately~~ $0.626 million, respectively, ~~related~~associated towith 8%the preferred stock issued and outstanding. The reduction ~~in dividend~~ is a result of the conversion of the preferred stock to common stock.

~~Operating Comparison for the third quarter three months ended:~~20

	June 30, 2012			June 30, 2011			Difference			% Change
Revenue	$	47,971		$	-		$	47,971			-
Cost of sales		44,666			9,900			34,766			351.2
Impairment		-			-			-			-
Payroll		68,135			103,387			(35,252	)		(34.1	)
Legal & professional		80,232			59,434			20,798			35.0
Other operating expense		87,232			51,290			35,942			70.1
Other income / (loss)		(659,400	)		(528,757	)		130,643			24.7
Net loss attributable to non-controlling interest		(329,548	)		(295,264	)		34,284			11.6
Dividends on preferred stock		-			623,953			(623,953	)		(100.0	)
Net loss available to common stockholder	$	562,146		$	1,081,457		$	(519,311	)		(48.0	)

Operating Comparison for the three months ended:

	December 31, 2012			December 31, 2011			Difference			% Change

Revenue	$	-		$	110,162		$	(110,162	)		(100.0	)
Cost of sales		39,640			6,767			32,873			485.8
Payroll		69,672			84,339			(14,667	)		(17.4	)
Legal & professional		52,762			80,068			(27,306	)		(34.1	)
Other operating expenses		77,577			54,592			22,985			42.1
Other expenses		(608,280	)		(481,007	)		(127,273	)		26.5
Net loss attributable to non-controlling interest		(349,564	)		(296,470	)		(53,094	)		17.9
Dividends on preferred stock		-			630,809			(630,809	)		(100.0	)

Net loss available to common stockholder	$	(498,367	)	$	(930,950	)	$	432,583			(46.5	)

Third Quarter Nine Months Ended June 30, 2012 compared to June 30, 2011

During the third quarter nine months ended June 30, 2012, we reported revenues of $173,000 mainly from the recognition of consultation services provided, and a net loss attributable to common shareholders of approximately $2.5 million or $0.01 per share, compared to revenue of $140,000 mainly from the recognition of sampling sales of refined glycerine, and a net loss attributable to common shareholders of approximately $3.2 million or $0 .02 per share for third quarter nine months ended June 30, 2011. Total costs of sales was approximately $57,000 and $37,000, operating expenses of approximately $0.7 million and $0.9 million of which approximately $243,000 and $344,000 related to payroll and share based compensation related expense and $240,000 and $226,000 related to legal and professional fees with the remaining operating expenses incurred during the period were approximately $240,000 and $281,000 during the third quarter nine months ended June 30, 2012 and 2011 respectively.

$101,000 reduction in payroll and share based compensation related expense is the result in an approximate saving of $73,000 from the reduction of employee head count and employee compensation, and an reduction in the CEO’s share based compensation related expense resulted in an approximate saving of $28,000.

Legal and professional fees paid in previous periods are for mergers and acquisitions and initial preparation of registration statements. This period’s legal and professional fees were increased by approximately $14,000.

During the third quarter nine months ended June 30, 2012 and 2011, the Company recognized a net loss attributable to non-controlling interest of approximately $944,491 and $925,753.

During the third quarter nine months ended June 30, 2012 and 2011, the Company accrued dividends of approximately $1.2 million and $1.9 million respectively related to 8% preferred stock. The reduction is a result of the conversion of the preferred stock to common stock.

Operating Comparison for the third quarter nine months ended:

	June 30, 2012			June 30, 2011			Difference			% Change
Revenue	$	172,551		$	139,767		$	32,784			23.5
Cost of sales		56,774			36,698			20,076			54.7
Impairment		-			-			-			-
Payroll		242,990			344,215			(101,225	)		(29.4	)
Legal & professional		239,536			225,707			13,829			6.1
Other operating expense		240,026			280,706			(40,680	)		(14.5	)
Other income / (loss)		(1,673,275	)		(1,507,158	)		166,117			11.0
Net loss attributable to non-controlling interest		(944,491	)		(925,753	)		18,738			2.0
Dividends on preferred stock		1,192,445			1,871,858			(679,413	)		(36.3	)
Net loss available to common stockholder	$	2,528,004		$	3,200,822		$	(672,818	)		(21.0	)

Liquidity and Capital Resources

~~The~~We ~~Company~~have ~~has~~ experienced cumulative losses of approximately $6365.68 million from October 1, 2006 (inception), through ~~June~~December 3031, 2012, and ~~has~~have net negative equity of approximately $45.16 million. As of the date of this report, ~~the~~we ~~Company~~have ~~has~~ not commenced operations; rather, itwe isare still in the development stages. Accordingly, this raises substantial doubt about ~~the~~our ~~Company’s~~ ability to continue as a going concern.

22As of December 31, 2012, we have raised our $63.6 million of equity through a combination of initial capitalization, various share exchanges as we acquired our operating subsidiaries, the conversion of $32.3 million of debt for preferred shares with two related party vendors, $7.5 million in advances we subsequently converted to equity, and private placements from individual shareholders resulting in actual cash of $4.7 million. In addition, we also borrowed $29.9 million under our credit facility with a Malaysian bank. These funds have been used to acquire certain capital equipment and infrastructure to support development and implementation of our business plan, payment of salaries and fees of technical and marketing personnel, marketing and promoting activities, working capital and general corporate purposes. Additional funds will need to be generated by to complete the three biodiesel plants currently under construction and to further support the development of our business model.

AsWe ofare ~~June~~currently ~~30,~~in ~~2012,~~non-compliance ~~the~~with ~~Company~~debt ~~has~~covenants ~~raised~~on ~~its~~the ~~$56.2~~term ~~million~~loan offacilities ~~equity~~and ~~through~~have anot ~~combination~~made ofany ~~its~~installment ~~initial~~repayments ~~capitalization, various share exchanges~~ as itthey ~~acquired~~became ~~its~~due ~~operating~~beginning ~~subsidiaries~~on ~~and~~December ~~the conversion of $32.3 million of debt for preferred shares with two related party vendors~~1, $72010.5 ~~million~~The interm ~~advances~~loans ~~conversion~~are tosecured ~~equity,~~by ~~and~~first ~~private~~priority ~~placements~~interest ~~from~~over ~~individual~~all ~~shareholders~~existing ~~resulting in actual cash of $4.5 million. In addition~~property, ~~the~~plant ~~Company also borrowed $26.8 million under its credit facility with a Malaysian bank. These funds have been used to acquire certain capital equipment~~ and ~~infrastructure to support development and implementation of its business plan~~equipments, ~~payment of salaries~~ and ~~fees~~all offixed ~~technical~~ and ~~marketing~~floating ~~personnel,~~assets ~~marketing~~of ~~and~~Plant ~~promoting~~Biofuels ~~activities,~~Corporation ~~working~~Sdn ~~capital~~Bhd ~~and general corporate purposes~~(“PBC”). ~~Additional~~The ~~funds~~facilities ~~will~~are ~~need~~jointly toand beseverally ~~generated~~guaranteed by ~~the~~both ~~Company to complete~~ the ~~three~~PBC ~~biodiesel plants currently under construction and to further support the development of its business model~~directors.

WeAs ~~are~~a ~~currently~~result inof this non-compliance, ~~with~~Bank ~~debt~~Pembangunan ~~covenants~~Malaysia onBhd (“the ~~term~~Bank”) ~~loan~~may ~~facilities~~foreclose ~~and~~on ~~have~~its ~~not~~note ~~made~~as ~~any~~a ~~installment~~consequence ~~repayments~~and aswe ~~they~~could ~~become~~lose ~~due~~all ~~beginning~~of onthe ~~December~~PBC ~~1, 2010~~assets. At ~~The~~this ~~term~~time, ~~loans~~the ~~are~~Bank ~~secured~~has bynot ~~first~~formally ~~priority~~notified ~~interest~~us ~~over~~that ~~all~~we ~~existing~~are ~~property,~~in ~~plant~~default. On ~~and~~January ~~equipments~~30, ~~and~~2013, ~~all~~the ~~fixed~~Bank ~~and~~has ~~floating~~granted ~~assets~~us ofan ~~Plant~~extension ~~Biofuels~~for ~~Corporation~~full ~~Sdn Bhd (“PBC”). The facilities are jointly~~ and ~~severally~~final ~~guaranteed~~settlement byon ~~both~~or ~~the~~before ~~PBC~~June ~~directors~~30, 2013.

~~The~~We ~~management~~are ~~of PBC is~~ actively negotiating with the Bank to restructure the facilities or reschedule the facilities repayment. The Bank has verbally indicated their willingness to review and assess the biodiesel industry as a whole with all the players in the industry and to find a solution that will cure ~~the~~our distress. We are confident that our feedstock, which is non-food based, will lead the Company to a sustainable operation.

We are ~~confident~~undertaking various plans and measures to raise capital through debt and equity offerings, which we believe will increase funds available for development and working capital. However, no assurances can be given that those plans and measures will be successful in increasing funds for our ~~feedstock~~development ~~which~~and isoperations. We ~~non~~believe that we will obtain an extension of our current loan and additional financing from the Bank to fund the start-~~food~~up ~~based~~and biodiesel production of the plant. If we cannot come to terms with the Bank, then we will ~~lead~~look at options for refinancing the ~~Company~~loan toand obtaining a ~~sustainable~~working ~~operation~~capital line with another entity.

~~Renewable~~For ~~Fuel~~the isnext ~~undertaking~~twelve ~~various~~months, ~~plans~~we ~~and~~expect ~~measures~~cash needs of up to ~~raise~~$6,100,000 ~~capital~~to ~~through~~finance ~~debt~~the ~~and~~further ~~equity~~set-up ~~offerings,~~of ~~which~~our itbusiness ~~believes~~and ~~will~~the ~~increase~~start ~~funds~~of ~~available~~our ~~for~~early ~~development~~operational work and to cover our ongoing working capital needs in order to commence operations. Our ~~However,~~existing noterm ~~assurances~~loan ~~can~~facilities berequire ~~given~~principal and interest payments of $622,000 per month that ~~those~~were ~~plans~~scheduled ~~and~~to ~~measures~~begin ~~will~~in beDecember ~~successful~~2010. However, we have made not been in ~~increasing~~a ~~funds~~position ~~for~~to ~~the~~make ~~development~~any ~~and~~payments ~~operations~~on this debt. As of ~~the~~January ~~Company.~~16, 2013, we had $439 in cash. We ~~believe~~are ~~that~~funding wemonthly ~~will~~operations ~~obtain~~with anincremental ~~extension~~equity ofprivate placements from our ~~current~~existing ~~loan~~shareholders ~~and~~on ~~additional~~an ~~financing~~as ~~from~~needed ~~the~~basis. In ~~Bank~~order to ~~fund~~cover ~~the~~our ~~start-up~~cash ~~and~~needs, ~~biodiesel~~we ~~production~~are ofconsidering ~~the~~raising ~~plant.~~additional Iffunds in the ~~Company~~form of equity capital, mezzanine financing and/or ~~the~~senior ~~Bank~~loans ~~cannot~~through ~~come~~private toplacements, ~~terms~~loan ~~then~~applications ~~Renewable~~or ~~Fuel~~any ~~will~~other ~~look~~alternative atapproach. ~~options~~If ~~for~~we ~~refinancing~~do ~~the~~not ~~loan~~secure ~~and~~these ~~obtaining~~funds, awe ~~working~~may ~~capital~~be ~~line~~forced ~~with~~to ~~another~~suspend ~~entity~~or terminate operations.

For the next twelve months, we expect cash needs of up to $6,100,000 to finance the further set-up of our business and the start of our early operational work and to cover our ongoing working capital needs in order to commence operations. The company’s Term Loan facilities from a financial institution are due for principal and interest repayment beginning December 2010, amounting to $559,000 per month. As of July 13, 2012, we had $25,714 in cash. We are funding monthly operations with incremental equity private placements from our shareholders on an as needed basis. In order to cover our cash needs, we are considering raising additional funds in the form of equity capital, mezzanine financing and/or senior loans through private placements, loan applications or any other alternative approach. If we do not secure these funds, we may be forced to suspend or terminate operations.

Our ability to obtain needed financing may be impaired by factors such as the capital markets, and the fact that we are not profitable, which could impact the availability or cost of future financings. If the amount of capital we are able to raise from financing activities, together with our revenues from operations, is not sufficient to satisfy our capital needs, even to the extent that we reduce our operations accordingly, we may be required to cease operations.

Cash Flows

Net cash used in operating activities was approximately $~~444~~50,000 for the ~~nine~~three months ended ~~June~~December 3031, 2012 compared to approximately $~~461~~26,000 for the same ~~periods~~period in 2011. Net ~~Which~~cash isused ain ~~result~~operating ofactivities was approximately $5,457,000 for the ~~net~~period ~~loss~~from ~~offset~~inception by(October ~~non~~1, ~~cash~~2006), ~~interest~~through ~~accrued~~the three months ended December 31, 2012.

Net cash ~~used~~provided inby ~~operating~~investing activities was approximately $516,~~206,~~000 for the period from inception (October 1, 2006), through the ~~nine~~three months ended ~~June~~December 3031, 2012.

23Net cash provided by financing activities for the three months ended December 31, 2012 was approximately $32,000 compared to $34,000 for the same period in 2011, and $ 5,333,000 for the period from inception (October 1, 2006) through December 31, 2012. The majority of the net cash provided by financing activities is from the issuance of common shares.

Net cash used in investing activities was $0 for the nine months ended June 30, 2012 and 2011. This mainly due to no additional fixed assets acquired. Net cash gained from investing activities was approximately $17,000 for the period from inception (October 1, 2006) through the nine months ended June 30, 2012.

Net cash provided by financing activities for the nine months ended June, 2012 was approximately $464,000 compared to $440,000 for the same periods in 2011, and $ 5,130,000 for the period from inception (October 1, 2006) through the nine months ended June 30, 2012. The majority of the net cash provided by financing activities is from proceeds from common share issuances.

Financing Activities

From October 1, 2011 through June 30, 2012 the Company issued 323,119 shares of its restricted common stock to individuals at $1.00 per share for consideration totaling $323,119.

In connection with these transactions the Company's CEO was granted 6,456 shares of common stock and options to acquire 16,150 shares of common stock in accordance with the terms of his employment agreement.

Term Loans Payable

Term Loans in Default

In October 2007, PBC entered into a $2123,~~614~~072,000 facilities agreement (the “Facilities”) with a bank, which provided available borrowings under two individual term loans totaling $1819,~~482~~728,000 and a revolving line with available credit of $3,~~132~~344,000. At ~~June~~December 3031, 2012, and 2011, $3,~~132~~344,000 was available under the revolving line of credit; however, any disbursements are restricted for purchases of raw materials and repayable within six months from date of disbursement. A total of $2629,~~835~~885,~~075~~922 is outstanding under the Facilities at ~~June~~December 3031, 2012 and $2528,~~124~~823,~~097~~421 at September 30, ~~2011, respectively, which includes two term loans and $0 borrowed under the revolving credit facility~~2012.

The term loans under the Facilities bear interest at the bank’s effective costs of funds +1.25% in year one, increasing to +2% in year two and beyond. The bank’s effective cost of fund is 6.30%. Therefore, at June 30, 2012 and 2011, the interest rate for the term loans was 8.3% respectively. The interest rate for the revolving line of credit is the bank’s cost of funds +2%. At June 30, 2012 and 2011, the interest rate for the revolving line of credit was 8.3% respectively.22

InThe ~~January~~term ~~2012,~~loans under the ~~Bank~~Facilities ~~advances~~bear ainterest ~~total~~at the bank’s effective costs of ~~$147~~funds (6.30%) +1.25% in year one,~~878~~ increasing to ~~the~~+2% ~~Company~~in ~~for~~year ~~expenses~~two ~~incurred~~and onbeyond. At December 31, 2012 and 2011, the ~~Malaysian~~interest ~~plant~~rate for ~~its~~the ~~Industrial~~term ~~All~~loans ~~Risks~~was ~~insurance~~8.3%. The ~~policy,~~interest ~~and~~rate for the ~~plant’s~~revolving ~~independent~~line ~~assessment.~~of ~~This~~credit ~~amount~~ is ~~accumulated~~the ~~into~~bank’s ~~the~~cost ~~total~~of ~~term~~funds ~~loan~~(6.30%) ~~outstanding~~+2%. At byDecember ~~the~~31, ~~Bank~~2012 and ~~carrying~~2011, the ~~same~~ interest rate asfor the ~~term~~revolving ~~loan~~line of credit was 8.3%.

~~The~~In ~~Company~~January ~~has~~2012, ~~recognized~~the ~~approximately~~bank ~~$1.7~~advanced ~~million~~a ~~and~~total of $~~1.6~~154,103 ~~million~~to inus ~~interest~~for ~~charges~~expenses ~~related~~incurred toon the ~~term~~Malaysian ~~loans~~plant for ~~the~~our ~~nine~~Industrial ~~months~~All ~~ended~~Risks ~~June~~insurance 30policy, ~~2012~~ and ~~2011, respectively, all of which has been recognized and recorded as interest expense on~~ the ~~PBC~~ plant.’s ~~Accrued~~independent ~~interest~~assessment. ~~payable~~This atamount ~~June 30, 2012 and 2011~~ was ~~approximately~~added ~~$7.0~~to ~~million and $4.8 million, respectively. Interest payments will be made with~~ the ~~commencement~~total ~~of monthly installments beginning on each~~ term ~~loans~~loan ~~respective~~outstanding ~~date~~by asthe ~~described~~bank ~~above.~~and ~~The~~it ~~term~~carries ~~loans under~~ the ~~Facilities~~same ~~are secured by a first priority~~ interest ~~over~~rate ~~all~~as ~~existing property, plant and equipment and all assets of PBC. In addition,~~ the term ~~loans are jointly and severally guaranteed by directors of PBC~~loan.

InWe ~~May~~have ~~2010,~~recognized ~~PBC~~approximately ~~negotiated~~$0.6 ~~modifications~~million toand ~~its~~$0.5 ~~loan~~million ~~facility~~in ~~with~~interest charges related to the ~~Malaysian~~term ~~bank.~~loans ~~The~~for ~~modifications,~~the ~~effective~~three ~~November~~months ~~2009~~ended December 31, ~~extended~~2012 ~~the~~and ~~availability~~2011, ~~period~~respectively, all of ~~the~~which ~~revolving~~has ~~line~~been ofrecorded ~~credit~~as ~~from~~interest ~~December~~expense. Accrued ~~2009~~interest topayable at December ~~2010~~31, ~~the~~2012 ~~maturity~~and of2011 ~~the~~was ~~term~~approximately ~~loans~~$9.9 ~~from~~million ~~six~~and ~~years~~$5.8 tomillion, ~~seven~~respectively. The ~~years~~term ~~and~~loans under the Facilities are secured by a first ~~monthly~~priority ~~payment~~interest ~~date~~over ~~from~~all ~~January~~existing ~~2010~~property, toplant ~~November~~and ~~2010.~~equipment ~~These~~and ~~modifications~~all ~~resulted~~assets inof PBC. In addition, the ~~Company~~term ~~being~~loans inare ~~compliance~~jointly ~~with~~and ~~the~~severally ~~terms~~guaranteed ofby ~~the~~directors ~~loan~~of PBC.

24In May 2010, PBC negotiated modifications to its loan facility with the Malaysian bank. The modifications, effective November 2009, extended the availability period of the revolving line of credit from December 2009 to December 2010, the maturity of the term loans from six years to seven years and the first monthly payment date from January 2010 to November 2010. These modifications allowed us to maintain compliance with the terms of the loan.

~~However,~~Since ~~since~~ December 2010, ~~PBC~~we ~~was~~were unable to remit ~~its~~our first installment ~~repayment~~payment to the ~~Bank~~bank in accordance with the original repayment schedule. ~~PBC~~During ~~has~~2012, ~~been~~we were served with a second reminder notice from the ~~Bank~~bank, which ~~will~~ potentially ~~put~~puts ~~PBC~~us in default.

~~The~~On ~~Bank~~January ~~has~~30, ~~not~~2013, ~~notified~~the usbank ~~that~~granted weus ~~are~~an inextension ~~default~~for full and ~~has~~final ~~not~~settlement ~~taken~~on ~~any~~or ~~action~~before asJune a30, ~~result of this default~~2013. AsThe aBank ~~result~~may oftake ~~the~~action ~~default~~against ~~the~~us, ~~Bank~~and may foreclose on ~~its~~ the note as a consequence and we could lose all ~~of the~~ PBC assets.

~~The~~We ~~management~~have held discussions with a number of ~~PBC~~potential islenders ~~actively~~to ~~negotiating~~provide the necessary financing to refinance the debt with the ~~Bank~~bank, to ~~restructure~~complete ~~the~~construction ~~facilities~~and ormaintenance ~~reschedule~~of the ~~facilities~~PBC ~~repayment.~~plant ~~The~~to ~~Bank~~make ~~has~~it ~~verbally~~operational ~~indicated~~for ~~their~~biofuel, ~~willingness~~ to ~~review~~finance the acquisition of feedstock and ~~assess~~inventory ~~the~~and ~~biodiesel~~to ~~industry~~provide asadditional aworking ~~whole~~capital ~~with~~necessary ~~all~~to operate the ~~players~~plant through 2013. These discussions are in ~~the~~preliminary ~~industry~~stages and tocertain ~~find~~lenders aare ~~solution~~in ~~that~~the ~~will~~process ~~cure~~of ~~the~~performing ~~distress~~due diligence. The ultimate outcome of these on-going discussions is unknown.

We are also actively negotiating with the bank to restructure the facilities or reschedule the facilities repayment. The bank has verbally indicated their willingness to review and assess the biodiesel industry as a whole with all the players in the industry and to find a solution that will cure our distress.

Convertible Preferred Stock

On September 24, 2008, ~~the~~we ~~Company~~ issued POGL 917,168 shares of ~~its~~ Series A Convertible Preferred Stock (“Series A”). The $9,171,680 purchase price for the Series A was paid ~~to the Company~~ by ~~POGL by~~ exchanging $9,171,680 of ~~the~~our ~~Company’s~~ trade payables due to POGL for these shares. In addition, on August 23, 2011, ~~the Company~~ we issued POGL 100,710 shares of ~~its~~ Series A. The $1,007,100 purchase price for the Series A was paid ~~to the Company~~ by ~~POGL by~~ exchanging $1,007,100 of ~~the~~our ~~Company’s~~ payables due to POGL for these shares. As of February 14, 2011, ~~the~~we ~~Company~~issued inPOGL a total ~~issued~~of ~~POGL~~ 1,017,878 shares Series A. POGL is a vendor currently engaged by ~~the~~us ~~Company~~ to provide engineering and design services in connection with the on-going construction of a biodiesel plant in Indonesia.

Effective March 1, 2012, POGL converted their 1,017,878 shares of ~~the Company~~ preferred stock ~~with~~and the entitled 8% cumulative accrued dividends ~~as of February 29, 2012,~~ into 11,965,875 shares of ~~the~~our ~~Company~~ common stock. The conversion is based on the price of $1.00 per common stock as per the preferred stock subscription agreement.

On July 20, 2009, the Company issued Oilcorp International Limited ("Oilcorp") 2,211,166 shares of its Series A Preferred Stock in exchange for $22,111,660 in trade payables due Oilcorp by the Company.23

On ~~March~~July 20, ~~2012~~2009, we issued Oilcorp ~~disposed~~International ~~off~~Limited ~~the~~("Oilcorp") ~~preferred~~2,211,166 ~~stock~~shares ~~and~~of ~~its~~our ~~rights~~Series toA ~~Well~~Preferred ~~Crown~~Stock ~~Investments~~in ~~Limited~~exchange for $22,111,660 in trade payables due to Oilcorp.

~~Effective~~On March 20, 2012, Oilcorp disposed off the preferred stock and its rights to Well Crown Investments Limited. Then on March 31, 2012, Well Crown Investments Limited converted their 2,211,166 shares of ~~the Company~~ preferred stock ~~with~~and the entitled 8% cumulative accrued dividends ~~as of March 31~~, ~~2012,~~ into 26,890,203 shares of ~~the~~our ~~Company~~ common stock. The conversion is based on the price of $1.00 per common stock as per the latest common stock subscription’s price and the lack of trading activity during a 10 days period.

Off-Balance Sheet Transactions

As of ~~June~~December 3031, 2012 and September 30, ~~2011~~2012, we did not have any off-balance sheet arrangements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

~~The~~As ~~Company~~of ~~has~~the ~~established~~end of the period covered by this Quarterly Report on Form 10-Q, we conducted under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, an evaluation of the effectiveness of our “disclosure controls and procedures” to(as ~~ensure~~that term is defined under the Rule 3a-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act). Based on that ~~information~~evaluation, ~~required~~our tochief beexecutive ~~disclosed~~officer inand ~~this~~chief ~~quarterly~~financial officer concluded as of the period covered by this report onthat ~~Form~~our disclosure ~~10-Q~~controls ~~was~~and ~~properly~~procedures ~~recorded~~were effective in recording, ~~processed~~processing, ~~summarized~~summarizing and ~~reported~~reporting information required to be disclosed within the time periods specified in the ~~Commission's~~Securities ~~rules~~ and ~~forms.~~Exchange ~~The Company~~Commission’s ~~controls~~rules and ~~procedures~~forms ~~are~~and ~~designed~~ to ensure that information required to be disclosed ~~by the Company~~ in the reports that itwe ~~files~~file ~~or submits~~ under the Exchange Act is accumulated and communicated to ~~the~~our ~~Company’s~~ management, including ~~its~~our ~~principal~~chief executive officer and ~~principal~~chief financial ~~officers~~officer, to allow timely decisions regarding the required disclosure.

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) at June 30, 2012 based on the evaluation of these controls and procedures required by paragraph (b) of Rule 13a-15 or Rule 15d-15 under the Exchange Act. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, at June 30, 2012, our disclosure controls and procedures are effective.

Changes in Internal Control over Financial Reporting

~~There~~During the three months ended December 31, 2012, there have been no changes in ~~the~~our ~~Company's~~ internal ~~control~~controls over financial reporting ~~that~~(as ~~occurred~~defined ~~during~~in ~~the~~Rule ~~Company's~~13a-15(f) ~~last~~under ~~fiscal~~the ~~quarter~~Exchange Act) that ~~has~~ materially affected, or isare reasonably likely to materially affect, ~~the~~our ~~Company's~~ internal control over financial reporting.

2524

PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

WeThe ~~are~~Company ~~not~~and ~~aware~~its ofsubsidiaries ~~any~~may ~~pending~~be orinvolved ~~threatened~~in various claims and legal ~~proceedings~~actions arising in ~~which~~the weordinary course of business. None of these actions, individually or in the aggregate, are ~~involved~~expected ~~except~~to ashave ~~follows:~~a material adverse effect on the Company’s consolidated financial position or results of operations.

~~Terence~~ITEM ~~Joseph Peter Daley v~~1A. RISK ~~Century Corp~~FACTORS. Sdn Bhd, Ng Huat Chai and Oil-Line Engineering & Associates Sdn Bhd, Seremban High Court, Summons No. 22-338-2009. In 2009, Plaintiff Terence Joseph Peter Daley filed suit against Century Corp, Ng Huat Chai and Oil-Line, Century Corp a subsidiary of BRII, which is a subsidiary of RFC, for denied access to a facilities at a property developed by Century Corp. By way of background, Century Corp had developed certain parcels of land, and as part of the development, had built a club house for use by owners of the properties, in exchange for payment of certain fees. Subsequently in year 2001 the club house and the said land was transferred to Oil-Line. When the fees were not paid, Oil-Line closed the clubhouse and denied access to the property owners. The plaintiffs are seeking restoration of the clubhouse to its original condition and usage. A case management is fixed on September 11, 2012, and full trial is fixed on September 18, 19, and 20, 2012.

It is the opinion of management that this action is not material and has no bearing on the Company’s biodiesel or glycerine business. As such is has not been disclosed in the financial statements.

ITEM 1A. RISK FACTORS

Not required

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

During the period from October 1, ~~2011~~2012 through ~~June~~December 3031, 2012, ~~the~~we ~~Company had~~ sold ~~323~~33,~~119~~950 shares of common stock at $1.00 per share to 2an ~~individuals~~individual for gross proceeds of $~~323~~33,~~119~~950. WeIn ~~sold~~connection ~~120,668~~with ~~shares~~this ~~to Chin Lai Har non U.S. citizen~~issuance, ~~for~~our ~~the aggregate consideration $120,668, and 202,451 shares to Maureen Clarin non U.S. citizen, for the aggregate consideration $202,451. Our~~ CEO was granted ~~6,456~~678 shares of common stock and options to acquire 161,~~150~~696 shares of common stock.

We relied upon Section 4(2) of the Securities Act of 1933, as amended for the above issuances. We believed that Section 4(2) was available because:

	●	None of these issuances involved underwriters, underwriting discounts or commissions.
	●	Restrictive legends were and will be placed on all certificates issued as described above.
	●	The distribution did not involve general solicitation or advertising.
	●	The distributions were made only to accredited investors or investors who were sophisticated enough to evaluate the risks of the investment who understood the speculative nature of their investment.

We relied upon Regulation S of the Securities Act of 1933, as amended for the above issuances to non US citizens or residents.

We believed that Regulation S was available because:

	●	None of these issuances involved underwriters, underwriting discounts or commissions;
	●	We placed Regulation S required restrictive legends on all certificates issued;
	●	No offers or sales of stock under the Regulation S offering were made to persons in the United States;
	●	No direct selling efforts of the Regulation S offering were made in the United States.

In connection with the above transactions, although some of the investors may have also been accredited, we provided the following to all investors:

	●	Access to all our books and records.
	●	Access to all material contracts and documents relating to our operations.
	●	The opportunity to obtain any additional information, to the extent we possessed such information, necessary to verify the accuracy of the information to which the investors were given access.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE ~~(REMOVED~~SAFETY ~~AND RESERVED)~~DISCLOSURES.

~~ITEM 5~~None. ~~OTHER INFORMATION~~

ITEM 5. OTHER INFORMATION.

We have no information to disclose that was required to be in a report on Form 8-K during the period covered by this report, but was not reported. There have been no material changes to the procedures by which security holders may recommend nominees to our board of directors.

27ITEM 6. EXHIBITS.

ITEM 6. EXHIBITS

Exhibit No.		Document Description

31.1		CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.

31.2		CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.

32.1		CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002

32.2		CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002

Exhibit 101		Interactive data files formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.**

Exhibit No.		Document Description
31.1		CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
31.2		CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
32.1 *		CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
32.2 *		CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
Exhibit 101		Interactive data files formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.**

101.INS		XBRL Instance Document**

101.SCH		XBRL Taxonomy Extension Schema Document**

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document**

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document**

101.LAB		XBRL Taxonomy Extension Label Linkbase Document**

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document**

~~___________________~~ _______________

* * This exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 of the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections26

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Renewable Fuel Corp, a Nevada corporation

Title	Name	Date	Signature
TITLE	NAME	DATE	SIGNATURE
Principal Executive Officer	William Van Vliet	~~August~~February 14, ~~2012~~2013	/s/ William Van Vliet

In accordance with the Exchange Act, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

SIGNATURE	NAME	TITLE	DATE
/s/ William Van Vliet	William Van Vliet	Principal Executive Officer and Director	~~August~~February 14, ~~2012~~2013
/s/ Andy Teo Guan Joo	Andy Teo Guan Joo	Principal Financial Officer and Principal Accounting Officer	~~August~~February 14, ~~2012~~2013
		Accounting Officer

2927

EXHIBIT INDEX

Exhibit No.		Document Description
31.1		CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
31.2		CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.
32.1 *		CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
32.1		CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
32.2 *		CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
32.2		CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002
Exhibit 101		Interactive data files formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) the Notes to the Consolidated Financial Statements.**

101.INS		XBRL Instance Document**

101.SCH		XBRL Taxonomy Extension Schema Document**

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document**

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document**

101.LAB		XBRL Taxonomy Extension Label Linkbase Document**

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document**

~~___________________~~ _______________

Filing Compare · Renewable Fuel Corp