MOSCOW (MRC) -- American Fuel & Petrochemical Manufacturers President and CEO Chet Thompson issued the following statement upon the release of the Supreme Court’s opinion in the case HollyFrontier Cheyenne Refining, LLC v. Renewable Fuels Association (20-472), according to Hydrocarbonprocessing.
The Justices ruled 6-3 in favor of refineries, a decision that upholds Congress’s vision for the Renewable Fuel Standard small refinery relief program and the ability for small refineries experiencing disproportionate economic hardship to petition and receive RVO relief from the EPA at any time.
Statement from Chet Thompson: AFPM is very pleased with this ruling and hopes that EPA now moves expeditiously to provide critical relief to those small refineries that have demonstrated disproportionate economic harm resulting from the RFS. RFS compliance costs hit all-time highs this month, nearing 25 cents per gallon. The program is hurting consumers and jeopardizing the viability of refineries across the country, as well as the jobs and communities they support. Further delay from the Administration in setting achievable annual volume standards, issuing small refinery waivers, and responding to numerous petitions for relief will make a bad situation even worse.
As MRC wrote previously, US refiner HollyFrontier Corp said in early May, 2021, it would purchase a 149,000-bpd refinery in Washington from Shell as part of the European company"s strategy to reduce its global refinery footprint.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.
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