WASHINGTON, D.C. – AFPM President and CEO Chet Thompson released the following statement on the rioting that took place at the U.S. Capitol on January 6, 2021.
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.
Coronavirus developments are front of mind for everyone, including the staff at AFPM. We took a moment to speak with Jeff Gunnulfsen, senior director, security and risk management, about industry preparedness for the pandemic.
Building on decades of broader efforts alongside automakers to advance fuel-efficient technologies and vehicles, refiners are leading the effort to transition the U.S. to high-octane gasoline.
U.S. fuel and petrochemical manufacturers are committed to doing their part to limit the spread of COVID-19 while maintaining the core services and functions our nation requires daily.