In December 2019, AFPM President and CEO Chet Thompson issued the following statement on the final Renewable Fuel Standard (RFS) volumes announced for 2020 and the Environmental Protection Agency’s (EPA) related decision on its supplemental proposal:
"The decision to reallocate is yet another blow to refiners, and it aims to address a problem that doesn’t exist. Ethanol consumption and blending in the US are at all-time highs. There are no lost gallons to replace and there is no basis to consider forcing non-exempt refineries to subsidise their competitors. This unprecedented overreach will be challenged in court.
“Inflating the 2020 RFS volume obligations above the already unachievable 2019 marks is at odds with the President’s energy dominance agenda. A biofuel mandate that exceeds what infrastructure can handle and what consumers will buy, will make the cost of doing business much more expensive for US refineries at the direct expense of jobs, economic growth, and community investment."
Read the article online at: https://www.hydrocarbonengineering.com/refining/02012020/afpm-reacts-to-2020-rfs-volumes/
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