The operator of an 800-ton crane at ExxonMobil’s Baton Rouge, Louisiana, polypropylene project construction site lowers a new 150-foot-tall reactor into place.
WASHINGTON, D.C. – The American Fuel & Petrochemical Manufacturers (AFPM) has announced the winners of the 2019 Annual Safety Awards, part of an ongoing mission to enhance and recognize outstanding workplace safety.
Limiting California’s access to the exact types of crude oil its facilities need will only increase prices for the state’s consumers and travelers. Drivers are already dealing with gasoline prices in excess of $5 per gallon and the highest fuel taxes of the 50 states. Confining energy producers and consumers to a smaller pool of crude oil will make a very sensitive price environment that much worse.
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.
Governor Gavin Newsom continues to blame fuel refiners for California’s highest-in-the-nation fuel prices. He couldn't be more wrong. The problem and solution to much of California’s fuel price challenge can be found in Sacramento policy. Take a look to better understand the role of policy in regional price differences, why it’s inaccurate to equate “margins” or “refinery cracks” with “profits,” and why windfall profit taxes are a known policy failure.
Refinery utilization, measures how much crude oil refineries are processing or “running” as a percentage of their maximum capacity. It tells us roughly how much of our refining muscle is being put to work manufacturing fuel. American refineries are running full-out, at about 95% of total capacity, contributing more fuel—gasoline, diesel, jet fuel, etc.—to the global market than any other country. In fact, U.S. refineries process more crude oil every day than the United States produces, and we make more finished fuels than the United States consumes.
The United States has the most complex and efficient refining industry in the world, but we also have less refining capacity than we used to. Where the issue of refining capacity is concerned, it’s important to understand what refining capacity is, why we’ve lost capacity in the United States and how policies can advance the competitiveness of our refineries in the global market.
Plastic roads and buildings, the influence of energy and petrochemicals in geopolitics, and chemical and molecular recycling processes that could create a truly circular economy for plastic products were just a few of the topics discussed at AFPM’s 44th International Petrochemical Conference (IPC) in San Antonio last week.
AFPM President and CEO Chet Thompson and API President and CEO Mike Sommers sent a letter to President Biden responding to recent letters the Administration sent to major U.S. fuel refiners suggesting that these companies, their workforces and facilities throughout the country aren’t doing their part to bring fuel to the market and lower energy costs for consumers.
Speaker Guidelines Each presentation is granted one complimentary conference registration (not including hotel reservation fees) (whether or not there is more than one presenter). Presentation authors...