WASHINGTON D.C. – Chet Thompson, president and CEO of the American Fuel & Petrochemical Manufacturers (AFPM), today released the following statement on proposed U.S. Senate legislation that would expand the electric vehicle tax credit by 400,000 vehicles per manufacturer.
Preface: So, I was asked if we can somehow tie Moon Day with petrochemicals. I said that I’m pretty sure space suits are made from synthetic materials, so that’s a pretty good tie-in.
Narratives that pit the refining and petrochemical industries against electric vehicles (EVs) ignore the symbiotic relationship of these industries. If you review the history of EVs – you will see that refining and petrochemical companies have been foundational to the EV market all along and will continue to be far into the future.
We understand the threat that weather events can pose. Our nation’s refiners and petrochemical manufacturers have developed robust preparedness measures that can be taken in the event of a hurricane or extreme weather event.
Hurricane Michael, currently graded as a Category 4 storm, made landfall on the Gulf Coast today, directly hitting the Florida Panhandle and potentially impacting more than 300 miles in the region.
If you read the headlines in the news lately — “Greenhouse Gas Emissions From Plastics Are Predicted to Rise,” “New Texas petrochemical projects add millions of tons of greenhouse gas pollution, report finds” — you’d think emissions from the petrochemical industry were getting worse.
HOUSTON — The dog days of summer typically bring one or two hurricanes that lash the U.S. Gulf Coast. The punch of these storms, with their powerful winds and heavy rains, often has the potential to curb production at Gulf Coast refineries that together churn out nearly 50 percent of U.S. motor fuels and are crucial to our economy.
