The chief executives of Valero Energy Corporation, Marathon Petroleum Corporation and Flint Hills Resources sent a letter to President Trump yesterday urging him to avoid actions that would worsen the impacts of federal biofuel policies on U.S. refiners.
In recent weeks, President Trump returned to Iowa to court U.S. farmers ahead of the official launch of his reelection campaign and to sign his much-anticipated rulemaking allowing year-round sales of E15, an unlawful action that the U.S. refining industry is challenging in court.
Today, AFPM launched an advertising campaign asking President Trump to keep his promise to protect U.S. refiners from unchecked ethanol mandates that threaten to kill our jobs.
In recent weeks, ethanol industry proponents have petitioned the Environmental Protection Agency (EPA) to cease issuing Small Refinery Exemptions (SREs) that waive qualified small refineries from the costly biofuel blending obligations mandated in the Renewable Fuel Standard (RFS).
Unpredictable costs associated with Renewable Fuel Standard (RFS) compliance are a reality for refiners in the United States, and debates about small refinery exemptions (SREs) must remain honest and grounded in data.
There is a fundamental flaw in the system designed to ensure compliance with the Renewable Fuel Standard (RFS): The assumption that refiners would not blend ethanol into their fuel were it not for the policy and its threat of crippling costs being imposed on obligated parties who do not blend.