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 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.
WASHINGTON, D.C. – Statement from Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), in response to the letter sent by 21 senators to Acting Administrator Wheeler of the Environmental Protection Agency.
When Congress created the Renewable Fuel Standard, the intent was clear. The RFS was supposed to build a market for American-grown biofuels and support domestic energy security. Today, EPA wants to deviate wildly from this course. Instead of maintaining the RFS as a program for liquid transportation biofuels, EPA’s RFS proposal for 2023 to 2025 would begin transforming the RFS into yet another huge government subsidy for electric vehicles.
Nine U.S. senators today called on the administration to uphold the law and ensure that qualified small refineries continue to have protection from disproportionate economic hardship brought on by the Renewable Fuel Standard (RFS).
A legal representative for numerous U.S. small refineries has submitted a letter to the Environmental Protection Agency opposing calls for the agency to share confidential business information of small refineries with the U.S. Secretary of Agriculture.
EPA’s RFS reallocation proposal could raise Americans’ 2026-2027 RFS bill to $150 billion, but if soybean oil prices jump significantly, total costs could reach $190 billion.
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson sent a letter to EPA Administrator Lee Zeldin Wednesday urging EPA to avoid a repeat of last year’s 11th hour emergency RVP waivers for summer gasoline sold in the Midwest. Excerpts from AFPM’s letter and a brief explainer of E10 and E15, summer gasoline, and RVP waivers are included below.
WASHINGTON, D.C. – Statement from Chet Thompson, President and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), in response to the letter sent by 21 senators to Acting Administrator Wheeler of the Environmental Protection Agency.
