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hurricane

Hurricane Ian: Be Prepared

All eyes are on Hurricane Ian, which is expected to approach Florida’s west coast later Wednesday and into Thursday bringing high winds and massive amounts of rain. Although our nation’s refiners and petrochemical manufacturers do not have facilities in the affected region, we’d like to urge the people in the area to prepare for the storm and heed all evacuation notices. Florida residents can get critical preparedness and evacuation information here.

General Session - Biden Administration

The First 2 Years of the Biden Administration: What’s Happened so far in Environmental Policy & What Can We Expect in 2022

Toby Baker, TCEQ
David Fotouhi, Gibson & Dunn, former EPA Deputy and Acting General Counsel
Toby Hanna, ERM
Matt Leopold, Hunton Andrews Kurth LLP, former EPA General Counsel
Session Start End
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Time for a revisit: What happens with refinery profits… and are “buy backs” a bad thing?

Publicly owned companies, like many U.S. refineries, have a fiduciary responsibility (which is a legal obligation) to act in the best interest of their shareholders, and that extends to how companies spend their earnings. Often, earnings are spent on a combination of the following: direct dividends, stock buy back programs, paying down debt and capital investment projects.
Refinery

Bring back CFATS

In late July, Congress allowed a valuable program that enhances security at chemical facilities across the country to expire. The program is called the Chemical Facility Anti-Terrorism Standards (CFATS), and its primary mission is to protect chemical facilities from potential terror threats by addressing a wide range of possible vulnerabilities, including cyberattacks.

Women in Industry Presents: Character-based leadership and ethical decision making – Empowering Women in the Petrochemical Industry

A strong leader is defined by their unwavering moral ethical values, resilience in the face of adversity, and the ability  to act with integrity, honesty and loyalty despite pressures to deviate or to be more like the other leaders around them. Character-based leadership is an approach that centers on the ethical dimensions of leadership. Leaders who adhere to this philosophy recognize that their decisions and actions have lasting impacts on individuals, organizations, and society. One's character is created, whereas leadership is learned. Come ready to learn the benefits of leading with character.
This Women in Industry session is brought to you by the Women in Industry Committee.
Speakers
Jenny Hebert
Gulay Serhatkulu
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Women in Industry Luncheon

Sponsored by Ketjen Corporation

Character-based leadership and ethical decision making – Empowering Women in Industry

A strong leader is defined by their unwavering moral ethical values, resilience in the face of adversity, and the ability to act with integrity, honesty and loyalty despite pressures to deviate or to be more like the other leaders around them. Character-based leadership is an approach that centers on the ethical dimensions of leadership. Leaders who adhere to this philosophy recognize that their decisions and actions have lasting impacts on individuals, organizations, and society. One's character is created, whereas leadership is learned. Come ready to learn the benefits of leading with character.

Open to registered women attendees only. RSVP by March 8.
Speakers
Ruthe Farmer
Session Start End
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General Session - Biden Administration

The First 2 Years of the Biden Administration: What’s Happened so far in Environmental Policy & What Can We Expect in 2022

Toby Baker, TCEQ
David Fotouhi, Gibson & Dunn, former EPA Deputy and Acting General Counsel
Toby Hanna, ERM
Matt Leopold, Hunton Andrews Kurth LLP, former EPA General Counsel

What Happens with Refinery Profits… and Are “Buy Backs” a Bad Thing?

Earnings in commodities-based industries tend to be cyclical. Because of the up-and-down reality of refining, it would be a mistake to regulate or legislate based on the high points. A few quarters of earnings don’t provide an accurate representation. That context is important for answering the question of what happens with refinery profits and whether using earnings to “buy back” stock from shareholders is an appropriate use of those funds.
rail strike blog

Impacts of a Rail Strike Will be Felt Quickly. Even Prior to a Strike.

America’s freight rail system is an essential part of our national and global supply chains, including those for fuels and petrochemicals. While a work stoppage would be devastating, service curtailments and other strike impacts will be felt much sooner—before a strike is formally launched. As we learned this September, railroads will begin metering traffic and embargoing shipments of materials critical to the refining and petrochemical industries up to a week or more before a strike begins.

Petrochemicals make world travel possible

Not only do the fuel and petrochemical industries make it possible, they’re also responsible for preserving and maintaining some of the best-known landmarks all over the world. Read on to join us for a ‘round the globe trip to some of the world’s most famous petrochemicals!