The American Petroleum Institute (API) has issued the following statement from Vice President of Downstream Policy, Will Hupman, on the US Environmental Protection Agency’s (EPA) final Renewable Fuel Standard (RFS) “Set 2” rule, establishing volume obligations for 2026 and 2027:
“API appreciates EPA’s efforts to provide clarity on RFS volumes for 2026 and 2027 and supports obligations that reflect current market conditions. However, reallocating volumes from Small Refinery Exemptions distorts the marketplace, rewarding exempted refineries while disadvantaging the majority of refiners who are not exempted. This highlights the need for legislative reform to ensure the RFS delivers certainty, supports investment, and maintains a reliable fuel supply.”
During the development of the final rule, API led a coalition of stakeholders – including agriculture, ethanol, and biofuels interests – to provide volume recommendations to EPA on the path forward for the RFS.