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AFPM President and CEO Chet Thompson issued the following statement in response to President Biden’s State of the Union address: "Using the State of the Union to politicize market fundamentals and single out stock “buy back” programs—while overlooking the fact that the Biden administration’s own policies discourage the reinvestment of earnings back into the U.S. liquid fuel supply chain—cheapens the dialog for everyone."

Publicly owned companies, like many U.S. refineries, have a fiduciary responsibility (which is a legal obligation) to act in the best interest of their shareholders, and that extends to how companies spend their earnings. Often, earnings are spent on a combination of the following: direct dividends, stock buy back programs, paying down debt and capital investment projects.

American Fuel & Petrochemical Manufacturers (AFPM) President & CEO Chet Thompson today issued the following statement on the recent hiring of Aaron Ringel as Vice President of Government Relations: “We are glad to welcome Aaron and immediately put him to work on behalf of AFPM’s members from the refining, petrochemical and midstream energy industries..."

AFPM President and CEO Chet Thompson this week submitted comments to leaders of the House Transportation & Infrastructure Committee after the Committee’s inaugural hearing on the state of U.S. transportation infrastructure and supply chains failed to include customer perspectives.

Moving the needle on plastic waste is no small feat, but petrochemical manufacturers are revolutionizing what’s possible. Advanced recycling utilizes advanced processes that break plastic waste all the way down to its original chemical components - expanding the types of plastics that can be recycled, and creating a higher-quality feedstock.

AFPM Senior Director of Fuels and Vehicle Policy, Patrick Kelly, testified during the Environmental Protection Agency’s (EPA’s) public hearing on the proposed Renewable Fuel Standard (RFS) “Set” Rule. EPA’s proposal will stifle advanced biofuels, promote first generation biofuels beyond the market’s ability to absorb them and shift overall RFS growth away from liquid biofuels and into the power electricity sector. This is completely contrary to how congress envisioned EPA’s handling of the program.

Rob Benedict, AFPM’s Vice President of Midstream and Petrochemicals, issued the following statement after Congress passed, and President Biden signed, a resolution to avoid a nationwide rail strike.

AFPM's Geoff Moody issued the following statement responding to the EPA's 2023-2025 proposal for RFS blending obligations: “Congress provided EPA the ability to modernize the RFS and set it on a more sustainable course for all stakeholders. Sadly, EPA’s proposal is a missed opportunity..."

Not only do the fuel and petrochemical industries make it possible, they’re also responsible for preserving and maintaining some of the best-known landmarks all over the world. Read on to join us for a ‘round the globe trip to some of the world’s most famous petrochemicals!