Ukrainian Drone Makers Target Japan and Asia Defense Market 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
GM and Lockheed Martin Partner to Strengthen U.S. Defense Manufacturing Capacity 
HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
Trump Administration Delays DeepSeek and CXMT Trade Blacklist Designations Amid U.S.-China Tensions 
John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race 
SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow 
Hyundai to Acquire SoftBank’s Remaining Boston Dynamics Stake for $325 Million 
Qantas Unveils Wellness-Focused Nonstop Sydney-London Flights to Reduce Jet Lag 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Qantas Nears Launch of World’s Longest Non-Stop Flights to London and New York 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Obayashi to Acquire Multiplex in $526M Expansion Deal 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
WASHINGTON, Jan. 8, 2016 (GLOBE NEWSWIRE) -- American Fuel & Petrochemical Manufacturers (AFPM) President Chet Thompson reacts to reports of the legal challenge by biofuel producers to the Environmental Protection Agency's use of its general waiver authority to lower renewable volume obligations under the Renewable Fuel Standard:
"AFPM fully supports EPA's decision to use its waiver authority to adjust the RFS volume mandates to reflect the E10 blend wall, vehicle and engine warranty restrictions, and overwhelming consumer rejection of higher-ethanol fuels. We are confident that the D.C. Circuit will uphold EPA's legal authority to do so. It is long overdue for Congress to repeal this broken program and for the biofuels industry to stand or fall on its own, without government subsidies. But in the meantime, it is clear that EPA has the authority to adjust unrealistic mandates to account for market realities. This lawsuit is yet another attempt by the ethanol industry to use government mandates to force higher percentage ethanol blends upon consumers."
CONTACT: [email protected]
