WASHINGTON, D.C. – American Fuel & Petrochemical Manufacturers President and CEO Chet Thompson today released the following statement addressing President-elect Biden's intention to rescind the permit for the Keystone XL pipeline.
The Line 5 pipeline plays a critical role in ensuring the United States and Canada continue to have access to affordable fuels, propane and other refined products. Union, political and business leaders on both sides of the border are emphasizing the critical role of the Line 5 pipeline and calling for it to remain open until its replacement can be completed:
U.S. petrochemical manufacturers are at the forefront of research and development into cutting-edge solutions to give new life to used plastic products. Leveraging their in-depth understanding of plastics’ molecular composition and the manufacturing process itself, AFPM members are investing in recycling technology, infrastructure and partnerships that will reduce mismanaged plastic waste by applying unlocking its value as a feedstock.
Refineries are not the story when it comes to retail gasoline prices. Raw materials (in this case crude oil) account for the biggest share of the final price consumers pay.
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.
If the Biden Administration is serious about helping consumers, it needs to adopt policies that promote U.S. energy production and refining. A good place to start would be right-sizing RFS mandates.
Limiting California’s access to the exact types of crude oil its facilities need will only increase prices for the state’s consumers and travelers. Drivers are already dealing with gasoline prices in excess of $5 per gallon and the highest fuel taxes of the 50 states. Confining energy producers and consumers to a smaller pool of crude oil will make a very sensitive price environment that much worse.
In 2015, after years of building a collection of over 600 pipeline real-world “test specimens” to be used for advanced pipeline safety research, the Pipeline Research Council International (PRCI) opened the Technology Development Center (TDC) in Houston, Texas.
WASHINGTON, D.C. – This decision by the Canadian government to designate plastic manufactured items as “toxic” is unwarranted and not based in science.
WASHINGTON, D.C. - This is a poorly devised bill that runs contrary to its purported purpose of improving the global environment. Banning the export of U.S. manufactured petrochemicals and polymers is shortsighted and will negatively impact global supply chains for essential materials and products.
