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.
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.
WASHINGTON, D.C. – The American Fuel & Petrochemical Manufacturers (AFPM), a national trade association representing more than 97 percent of U.S. refiners and the majority of petrochemical manufacturers, strongly supports regulatory reform that enhances the transparency, accountability, and efficacy of federal regulations.
AFPM asked collegiate teams to create an original video highlighting the career opportunities within the fuel refining and petrochemical manufacturers industries in addition to showing the benefits our industries provide to everyday lives.
American Fuel & Petrochemical Manufacturers CEO Chet Thompson today issued the following statement on the Biden administration’s announcement that it plans to invoke emergency waiver authority under the Clean Air Act to allow for the incremental sale of E15 fuel this summer.
Today, the American Fuel & Petrochemical Manufacturers (AFPM) issued the following statement regarding revisions made to the National Environmental Policy Act (NEPA) Phase 1 regulations by the Council on Environmental Quality.