Statement from Chet Thompson: A plain reading of the RFS makes clear that Congress intended for the small refinery hardship program to be a lasting safety net. There is no “use it or lose it” provision.
WASHINGTON, D.C. – The American Fuel & Petrochemical Manufacturers (AFPM) has announced the winners of the 2020 Annual Safety Awards, part of an ongoing mission to enhance and recognize outstanding workplace safety.
AFPM members know that petrochemicals are invaluable to the production of countless consumer products. But many Americans may not realize how much they rely on xylene, benzene, butadiene, toluene, ethylene and propylene when they opt to spend time outside.
The Renewable Fuel Standard (RFS) today adds an extra 22-cents to the cost of manufacturing a gallon of gasoline and an additional burden to consumers at the pump due to high ethanol costs.
A nationwide 95 RON octane standard can deliver major carbon reductions in the nation’s light-duty vehicle fleet faster and at a lower cost than any other proposal being considered by policymakers at the national level right now, especially policies seeking to force nationwide vehicle electrification
A nationwide 95 RON octane standard for vehicles can deliver major carbon reductions in the nation’s light-duty auto fleet faster and at a lower cost than any other proposal being considered by policymakers right now, especially policies seeking to force nationwide vehicle electrification.
The cost of Renewable Fuel Standard (RFS) compliance credits, specifically D6 renewable identification numbers (RINs), is out of control. Sales of D6 RINs for conventional ethanol recently registered above $1.90 (the highest trades in history).
The U.S. is home to the most efficient and sustainable refining sector in the world, bolstering American energy security, supporting millions of well-paying jobs, and reliably providing the fuels the world needs to run. U.S. refiners have made major investments to continuously reduce the emissions of products and operations.
The Renewable Fuel Standard is more expensive in 2021 than at any other point in the program’s 15-year history. Soaring RFS prices signal that the RIN bank could run dry.