China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
WASHINGTON, D.C. -- Statement from American Fuel & Petrochemical Manufacturers (AFPM) General Counsel Rich Moskowitz, upon filing a petition with the Environmental Protection Agency (EPA) to reduce mandated volumes of non-existent cellulosic biofuels:
“Year after year, the cellulosic biofuel industry fails to produce the volumes mandated under the RFS, forcing refiners to pay a de facto phantom fuel tax to comply with EPA’s unrealistic predictions. Refiners should not be penalized for the cellulosic biofuel industry’s deficiency, and EPA must take action to adjust these unrealistic volume mandates.”
###
About AFPM
The American Fuel & Petrochemical Manufacturers (AFPM) is a national trade association representing more than 400 companies that encompass virtually all U.S. refining and petrochemical manufacturing capacity.
Follow us on twitter @AFPMonline
Learn about us at Industry 101
Like us on Facebook
Michael Frohlich American Fuel & Petrochemical Manufacturers 202-602-6585 [email protected] Diana Cronan American Fuel & Petrochemical Manufacturers 202-552-4362 [email protected]
