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.
AFPM is very pleased with this ruling and hopes that EPA now moves expeditiously to provide critical relief to those small refineries that have demonstrated disproportionate economic harm.
WASHINGTON, D.C. – AFPM President & CEO Chet Thompson today issued the following statement on the joint effort spearheaded by West Virginia Senator Shelley Moore Capito and 14 of her colleagues.
EPA Administrator Andrew Wheeler — the 15th person in history to head the Environmental Protection Agency — visited AFPM recently to discuss with Chet Thompson the Agency’s approach to regulatory reform.
AFPM recently submitted comments to EPA in support of the Renewable Fuel Standard (RFS) general waiver petitions submitted by the governors of Louisiana, Texas, Oklahoma, Utah, Wyoming, and Pennsylvania.
Reducing emissions from the transportation sector is a focal point o many strategies to address climate change.iAnd within transportation, heavy freight poses a specific challenge.
