What’s New
Partnering for a more circular economy
Across the petrochemical industry, companies are recognizing that building a circular economy for plastics isn’t a solo endeavor — it’s a collective mission. Through strategic partnerships, manufacturers are taking a comprehensive approach to increasing recycling and tackling hard-to-recycle materials across sectors.
AFPM, API back legislation to halt state laws and lawsuits targeting American energy
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson and American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement on the introduction of legislation by Senator Ted Cruz and Rep. Harriet Hageman to address lawsuits and “climate superfund” laws targeting U.S. energy producers and threatening to raise costs for American consumers.
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.