The latest U.S. Energy Information Administration data again shows ethanol blending and consumption in the U.S. remain steady and strong compared to previous years. This disproves claims that U.S. ethanol demand has been decimated by hardship waivers exempting small refineries facing that are facing hardship from their Renewable Fuel Standard blending obligations.
WASHINGTON, D.C. – The American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today released the following statement on the Trump Administration’s intent to significantly increase the 2020 U.S. biofuel mandate.
The U.S. refining sector is a steadfast economic engine, supporting more than 2 million jobs and providing the affordable, reliable fuels on which America runs — the gasoline and diesel that take us to work and our kids to school, supply heavy construction equipment and enable first responders, and even power tractors on the farm.
A major labor union — the International Brotherhood of Boilermakers — is urging President Trump not to put union jobs at risk by increasing federal biofuel blending obligations for refiners.
The American Fuel & Petrochemical Manufacturers (AFPM) and American Petroleum Institute (API) sent a new letter to President Trump urging him not to listen to “misinformation and misguided policies” from the ethanol lobby that will result in lost jobs in refining communities and higher gasoline prices for consumers.
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.
The biofuel industry, facing poor margins due to overproduction and declining exports, is trying various tactics to force more ethanol and biodiesel into the U.S. fuel supply.