WASHINGTON, June 6, 2014 (GLOBE NEWSWIRE) -- The American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna responds to the Environmental Protection Agency's (EPA) decision to extend the 2013 compliance deadline for the Renewable Fuel Standard (RFS):
"EPA made the correct decision to extend the 2013 compliance deadline for the Renewable Fuel Standard (RFS). While we do not believe that delaying the compliance date eliminates the injury caused by the late promulgation of the rule, it will provide obligated parties with a degree of certainty by knowing their blending obligations. An extension to Sept. 30, 2014 may help to mitigate market instability, but AFPM and other obligated parties still need EPA to finalize the 2014 RFS rule. Now more than six months late, the agency's inability to recognize the impact of continued delays is yet another reason that Congress must address this set of mandates whose very premise has proven obsolete."
AFPM requested an extension in a May 21, 2014 letter to EPA Administrator Gina McCarthy.
AFPM, the American Fuel & Petrochemical Manufacturers is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life. AFPM members make modern life possible and keep America moving and growing as they meet the needs of our nation and local communities, strengthen economic and national security, and support 2 million American jobs.
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Source: American Fuel & Petrochemical Manufacturers