This week, AFPM joined API and industry associations representing fuel retailers, gasoline marketers, convenience stores and tank truck carriers to field questions from the media about the ongoing fuel distribution challenges resulting from the Colonial Pipeline shutdown.
The cost of Renewable Fuel Standard (RFS) compliance credits, specifically D6 renewable identification numbers (RINs), is out of control. Sales of D6 RINs for conventional ethanol recently registered above $1.90 (the highest trades in history).
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.
AFPM Senior Petrochemical Advisor Jim Cooper answered a few questions to help illuminate some of the ways that petrochemicals—and the industries that produce them—are working to protect people from the coronavirus.
AFPM Senior Petrochemical Advisor Jim Cooper talks about the central role of petrochemicals in health care, and why the petrochemical industry is considered critical infrastructure.
Navigating our current health crisis offers frequent reminders of the critical role petrochemicals, particularly plastics, play in daily life — whether in the masks and gloves that protect our frontline health care providers, the containers that hold our takeout food, or the wrapping that keeps our groceries fresh and clean.
“Information security is the immune system in the body of business.” This cybersecurity saying has gained new weight in 2020, with the COVID-19 pandemic reinforcing the need for cybersecurity to be robust, flexible and agile—just like a healthy immune system.