As Hurricane Lane, currently a Category 2 storm, makes its way towards Hawaii, our priority today is supporting Par Pacific Holdings, which is temporarily shutting down its 93,500 barrel per day refinery in Kapolei, on the island of Oahu, to ensure the safety of workers, and the community and environment surrounding the facility.
COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.
We understand the threat that weather events can pose. Our nation’s refiners and petrochemical manufacturers have developed robust preparedness measures that can be taken in the event of a hurricane or extreme weather event.
Hurricane Michael, currently graded as a Category 4 storm, made landfall on the Gulf Coast today, directly hitting the Florida Panhandle and potentially impacting more than 300 miles in the region.
