The AFPM submitted a letter on 10th July to the US House Subcommittee on Energy and Power in relation to yesterdays hearing. The hearing was on the challenges and opportunities of alternative fuels and vehicles.
‘Free markets, not mandates, should and can drive sensible integration of alternative fuels into the consumer marketplace. AFPM members have been significantly affected by the increasing amounts of alternative fuels mandated under federal law. The challenges the federal RFS are posing highlight the problems with government mandates and highlight the need for a different approach to alternative fuel development and commercialisation.
‘One challenge is the increasing amounts of biofuels refiners must blend into the fuel supply. The current size and scope of the ethanol mandate is costly, unworkable, and could make refiners less competitive in a growing global marketplace. The breadth of these challenges show that the RFS needs to be replaced, or at the very least, significantly reformed.’
Adapted from press release by Claira Lloyd.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/11072012/house_alternative_fuels_hearing/