December 2, 2015 | Vol. 65, No. 22
Dear PEI Member:
The Environmental Protection Agency (EPA) announced Monday finalized targets for biofuel use for 2014-2016, raising the controversial Renewable Fuel Standard (RFS) for total renewable fuel to 18.11 billion gallons in 2016, an increase over what was originally proposed in May but far short of the 22.25 billion gallons envisioned by the 2007 statute. The final figure includes 14.5 billion gallons of undifferentiated biofuels (corn ethanol) and 3.61 billion gallons of advanced biofuel. In addition, the rule sets the 2016 biodiesel volume at 1.9 billion gallons and the 2016 cellulosic ethanol level at 230 million gallons. EPA said it formulated this policy based on more than 670,000 comments from the public.
The Agency has been walking a tightrope between the demands of the ethanol producers, who have generally supported the requirements of the 2007 statute passed by Congress, and the petroleum and refining industries, which maintain that practical obstacles prevent them from blending ever-increasing volumes of biofuels with petroleum fuels. For instance, refiners have argued that blending biofuels in concentrations greater than 10 percent is unsafe because it can damage car engines and the infrastructure that transports, stores and dispenses the blended fuel.
This final rule is important to PEI members and their customers because if the refiners are “encouraged” to significantly increase the amount of ethanol blended into gasoline, equipment listed to store, meter and dispense E15 will be required. According to an analysis by the Petroleum Marketers Association of America (PMAA), however, the blending volumes announced Monday by EPA “are not expected to require the introduction of E15.”
The finalized rule is likely to trigger a wave of
lawsuits from oil companies, ethanol producers and environmentalists that
have lobbied on both sides of the controversial policy. Industry analysts
expect that any court challenge will prolong and aggravate the uncertainty
concerning the country’s biofuel program.
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REGISTRATION OPEN FOR YOUNG EXECUTIVES WINTER
Speakers for the event will be Karen McCullough and Larry Gulko. McCullough is a business speaker who helps organizations and leaders cut through the generational stereotypes by leveraging team strength. Gulko is well known for developing ideas and strategies that build sustainable, leading brands and drive business growth. McCullough will speak on “Change is Good—You Go First” and Gulko will focus on “Strategies to Focus and Build Your Brand.”
The Winter Conference early registration fee is $495 for members of the PEI Young Executives and $595 for nonmembers (nonmember fee includes a lifetime Young Executives membership). Spouses or guests also are invited to attend for $125, which includes planned meals and receptions. These registration fees are valid until December 18, 2015, when the fees increase. To register for the event or to view a detailed schedule for the conference, click here. Questions regarding Young Executives Winter Conference registration should be directed to Sondra Sutton at (918) 236-3967 or firstname.lastname@example.org.
Lodging for the Young Executives Winter Conference is $105 per night for hotel rooms and $215 for condos. Reservations can be made by calling (800) 292-7704 and referencing the PEI Young Executives Winter Conference, or online at www.islagrand.com by using the booking code 1602PEISPI. These discounted room rates are available until January 15, 2016.
Membership in PEI’s Young Executive Program is open to full-time employees of any PEI member company who are between the ages of 21 and 45. The cost of a lifetime membership is $100.
EPA RELEASES TWO NEW 2015 UST DOCUMENTS
MUSTs for USTs provides the reader with a broad understanding of the recent changes made to the UST regulation, as well as some useful tips to ensure compliance with these requirements. Be aware that this publication, available in draft version since July, has changed since its initial release.
UST System Compatibility With Biofuels provides a detailed overview explaining the 2015 compatibility requirements contained in the federal regulation.
Three additional documents are in the process of being prepared by OUST to help the regulated community better understand the new UST rule: O&M, Straight Talk on Tanks and Field Constructed Tanks/Airport Hydrant Systems. We will let you know when those documents become available.
OKLAHOMA PROPOSES CHANGES TO UST RULE
CALVIN BISHOP RECEIVES ALLSTATE INSURANCE AWARD
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The TulsaLetter (ISSN 0193-9467) is published two or three times each month by the Petroleum Equipment Institute. Robert N. Renkes, Executive Vice President, Editor. Opinions expressed are the opinions of the Editor. Basic circulation confined to PEI members.