AFPM asks EPA to extend RFS compliance deadlines, trim 2021, ’22 RVO

Source: By OPIS • Posted: Wednesday, March 17, 2021

The American Fuel and Petrochemical Manufacturers (AFPM) on Monday urged EPA Administrator Michael Regan “to take prompt action” to extend the 2019 and 2020 Renewable Fuel Standard (RFS) compliance deadlines and propose 2021 and 2022 biofuel blending targets at levels below the 2019 and 2020 rules or run the risk that the Renewable Identification Number (RIN) bank may be exhausted. Geoff Cooper, President and CEO of the Renewable Fuels Association (RFA), told OPIS on Tuesday that AFPM’s request is “nothing new,” adding that each time RIN values rise, refiners “find a new scapegoat for their failure to plan and invest.” “This time it’s COVID-19, which happened to negatively impact renewable fuel producers and farmers just as much — if not more — than oil refiners,” Cooper said.