It is not uncommon for stereotypes to be repeated long after they are no longer valid and to be considered received wisdom even in the face of evidence to the contrary.
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.
WASHINGTON, D.C. – "Federal policy is discouraging supply by shutting down pipelines, putting future production off limits, talking down the future of the petroleum business, and imposing expensive requirements on refineries, chief among them a burdensome Renewable Fuel Standard. The Administration is blaming others when it ought to take a sober look at its own energy policy."
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.
The petrochemical and petroleum refining industries are always in flux. Whether it is new supplies like oil sands-derived synthetic crudes or tight oil crudes and condensates; new technologies like...
Some things don’t change and allow me to say “thank goodness for that” because dealing with changes can be exhausting. So I’m sure that you will find it reassuring to know that you can count on...
WASHINGTON, D.C. – Today, amid concerns about the spread of COVID-19, the American Fuel & Petrochemical Manufacturers has made the difficult decision to cancel its Annual Meeting slated to take place March 22-24 in Austin, Texas, and the International Petrochemical Conference scheduled for March 29-31 in New Orleans.
Ethylene, a key building block in plastic and vital to our country’s manufacturing industry, has been thrust into the spotlight due to Hurricane Harvey’s impact on its production process.
As American manufacturers champion their contributions to economic competitiveness and product innovation today, the industry has yet another reason to celebrate – U.S. manufacturing employment is still on the rise.
AFPM opposes the Inflation Reduction Act as written. We evaluated the bill against our core principles, specifically whether the legislation would support strong U.S. refining and petrochemical industries and whether it pursued emissions reductions in a market-based and cost-effective manner. Unfortunately, the IRA falls short of these goals.