WASHINGTON, D.C. – AFPM issued the following statement today on EPA’s decision to extend Renewable Fuel Standard compliance deadlines for 2020 and small refinery compliance deadlines for 2019. AFPM wrote to Administrator Regan last week requesting that EPA swiftly finalize the rule granting this additional time to refineries:
“AFPM appreciates the quick action taken by Administrator Regan and EPA staff to formally extend Renewable Fuel Standard compliance deadlines. In this moment, with surging RIN prices and slowly recovering fuel demand, refineries welcome this extra time and the flexibility it affords them to figure out how they will fulfill their individual RIN obligations. It is our hope that EPA will now carefully review the RFS program and set 2021 standards that are reasonably achievable in light of the effects of COVID-19 on fuel demand.”
The American Fuel & Petrochemical Manufacturers (“AFPM”) is a national trade association representing nearly all U.S. refining and petrochemical manufacturing capacity. AFPM members produce the fuels that drive the U.S. economy and the chemical building blocks integral to millions of products that make modern life possible.