WASHINGTON, D.C. – Rob Benedict, American Fuel & Petrochemical Manufacturers (AFPM) Vice President of Petrochemicals & Midstream, today released the following statement on the recently reintroduced Break Free from Plastic Pollution Act.
WASHINGTON, D.C. – Statement by American Fuel & Petrochemical Manufacturers (AFPM) President Chet Thompson on Congress’ passage of the Frank R. Lautenberg Chemical Safety for the 21st Century Act:
Pyrolysis oil allows petrochemical manufacturers and recyclers to reduce the need for virgin petroleum-based feedstocks. Our industries cannot reap the benefits of advanced recycling without being able to take advantage of the substance’s broad uses, especially as a feedstock to make building blocks for new plastics.
AFPM welcomes the Environmental Protection Agency’s (EPA’s) efforts in developing a Draft National Strategy to Prevent Plastic Pollution, but consistent with comments submitted to the Agency, we urge a revision of their strategy. To prevent plastic pollution, we encourage EPA to embrace policies that enable, not hinder, a circular economy for plastics where we use a range of technologies and strategies to recover post-consumer plastic and transform it back into usable materials.
Nine U.S. senators today called on the administration to uphold the law and ensure that qualified small refineries continue to have protection from disproportionate economic hardship brought on by the Renewable Fuel Standard (RFS).
WASHINGTON, D.C. – Richard Moskowitz, General Counsel of American Fuel & Petrochemical Manufacturers, made the following statement on North Dakota and Montana’s petition for a preemption determination regarding Washington state’s new law on allowable vapor pressure limits for crude-by-rail transport.
Visit AFPM’s Hurricane and Weather Event Resource Center for more information on steps being taken to ensure the safety of our members’ facilities, their employees and the communities that surround them.
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.
