Statement By AFPM President Charles T. Drevna On The Foreign Fuels Reduction Act

May 17, 2013, 10:09 ET from American Fuel & Petrochemical Manufacturers

WASHINGTON, May 17, 2013 /PRNewswire-USNewswire/ -- American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna issued the following statement in support of the Foreign Fuels Reduction Act, legislation introduced by Sen. Bob Corker (R-TN) and Sen. Joe Manchin (D-WV) that would require a downward adjustment to the entire RFS when cellulosic volumes are similarly adjusted due to a lack of commercially available fuels:

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"AFPM believes that the RFS is a flawed policy and warrants a full repeal, however, this legislation highlights one of the many problems with the policy. When the RFS was enacted in 2007, Congress never envisioned that cellulosic biofuels would not exist and that more than 90 percent, as much as 75 billion gallons, of the advanced biofuels quota would have to be fulfilled by imports and biodiesel. AFPM applauds Sens. Corker and Manchin for their leadership, supports this legislation, and now looks to EPA to do the right thing."

SOURCE American Fuel & Petrochemical Manufacturers