Press release via MarketWatch:
The American Fuel & Petrochemical Manufacturers (AFPM) and the Western States Petroleum Association (WSPA) filed a lawsuit today with the D.C. Circuit Court challenging the Environmental Protection Agency's (EPA) decision to require refiners to blend cellulosic ethanol or pay the agency for waiver credits due to the inability to blend these non-existent fuels under the federal Renewable Fuel Standard (RFS).
This challenge comes after the recent decision by EPA to deny a petition filed by AFPM, WSPA and the American Petroleum Institute in January for a waiver of the 2011 cellulosic fuel requirements under the RFS. This petition was filed after EPA's own data showed that no cellulosic fuel was commercially available and refiners would be forced to purchase credits representing a fuel that did not exist....MORE