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."
Decarbonizing heavy trucks and airplanes, which will continue to rely on liquid fuels for the foreseeable future, once seemed a distant dream. That is changing thanks to innovation and investment from America’s fuel refiners, which are manufacturing renewable diesel and sustainable aviation fuels that cut carbon emissions by as much as 80 percent.
A central theme running through the “Better Deal” economic policy agenda that the Democratic Party rolled out this week is the importance of creating—and protecting—good-paying jobs – jobs that will help boost middle-class incomes and create new economic opportunities nationwide.
Negotiations to modernize the North American Free Trade Agreement (NAFTA) are a chance to boost the competitiveness of U.S. companies in Canada and Mexico and solidify the preeminent role U.S. refiners and petrochemicals producers play in enabling global transportation and manufacturing.
*The op-ed below originally appeared in the Houston Chronicle on Monday, February 19, 2018 President Trump clinched a historic victory with tax reform. Now he needs to avoid making a historic mistake...
Last spring,11-year-old Q’yaron Gadsonrode his bicycle up to a neighbor mowing his lawn to ask if he could assume the job that summer to gain work experience.
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. – Statement by American Fuel & Petrochemical Manufacturers President and CEO Chet Thompson following President Donald Trump’s address to the joint session of Congress.