What’s New
Enabling the EV market
Narratives that pit the refining and petrochemical industries against electric vehicles (EVs) ignore the symbiotic relationship of these industries. If you review the history of EVs – you will see that refining and petrochemical companies have been foundational to the EV market all along and will continue to be far into the future.
Technologies that help us reduce emissions
Refiners and petrochemical manufacturers are proving that using oil and gas while reducing emissions is not a zero-sum game. By integrating cutting-edge technologies and developing lower emissions products, they are enabling global communities to enjoy the benefits of life-enhancing fuels and petrochemicals, all while significantly lowering emissions across the economy. This transformative approach is paving the way for a future where energy efficiency and environmental stewardship go hand in hand.
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.