The American Petroleum Institute (API) utilized a portion of its State of American Energy 2020 report to reiterate its complaints about U.S. biofuel policy.
“Biofuel mandates distort the marketplace to use products that can damage vehicles,” API sated.
API maintained that the Renewable Fuel Standard (RFS) of reducing U.S. crude oil imports is now “obsolete given growing domestic oil production, and its goal of producing commercially viable cellulosic biofuel has never materialized.” They commented that around 70% of vehicles on the road weren’t designed to run on E15 fuel and that no boats, small engines or motorcycles can use the product.
While API makes that claim, EPA approved E15 for any vehicle make from 2001 or newer. Since IHS Markit tracks the average age of vehicles, it shows there are roughly 278 million autos on the road. Of those, nearly 221 million are from model year 2003 or newer.
The arguments laid out by API are nothing new and signal that the refining industry will continue their challenges to U.S. biofuel policies ahead.
Welcome
