News | June 3, 2022

API Statement On 2020-2022 RFS Standards

The American Petroleum Institute (API) issued the following statement from Vice President of Downstream Policy Ron Chittim in response to the Environmental Protection Agency’s (EPA) release of the final 2020 – 2022 biofuel blending obligations under the Renewable Fuel Standard (RFS).

“Pushing aggressive biofuel blending mandates risks exacerbating current market challenges by placing additional pressures and restrictions on refiners and blenders. The final 2022 volumes exceed EPA’s own estimates of what the market can absorb and are likely to place additional pressure on refiners that are already running full throttle to keep pace with demand. The failure to establish a feasible and achievable 2022 standard in a timely fashion is yet another example of the disconnect between the administration’s rhetoric and the policies they are pursing.”

About API
API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our nearly 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.

Source: The American Petroleum Institute (API)