What do refineries have to do with the price and availability of gas?
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.
AFPM Statement on DC Circuit Court RVP Waiver Ruling
The Court unanimously found that EPA lacks the authority to grant an RVP waiver to fuel containing more than 10 percent ethanol.
AFPM members lead on carbon capture, utilization and storage
Governmental and public interest in carbon capture, utilization and storage (CCUS) is on the rise. Federal officials, labor unions and experts – including the International Energy Agency – have all identified CCUS as critical to achieving significant near-term reductions in greenhouse gas emissions.
AFPM Statement on SCOTUS Small Refinery Ruling
AFPM is very pleased with this ruling and hopes that EPA now moves expeditiously to provide critical relief to those small refineries that have demonstrated disproportionate economic harm.
As RINs Disappear, 2021 RFS Compliance Could Hit $30 Billion
The Renewable Fuel Standard is more expensive in 2021 than at any other point in the program’s 15-year history. Soaring RFS prices signal that the RIN bank could run dry.
Video: Companies forging a new frontier in recycling unlock the value in plastic waste
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.
The Renewable Fuel Standard Is Now President Biden’s to Fix
The U.S. is home to the most efficient and sustainable refining sector in the world, bolstering American energy security, supporting millions of well-paying jobs, and reliably providing the fuels the world needs to run. U.S. refiners have made major investments to continuously reduce the emissions of products and operations.
RFS: RIN records keep shattering
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).
Industry Collaboration Drives Incident Rates at Refineries and Petrochemical Plants to Record Lows
It was 2010 and Jerry Wascom, ExxonMobil’s Americas refining director, was worried. Despite fuel and petrochemical manufacturers making significant improvements in the safety of their individual operations, across the industries there was an uptick in serious incidents. Workers were getting injured, surrounding communities were losing confidence, the reputation of the industries was being tarnished and regulators were becoming increasingly engaged. Wascom turned to his counterparts within the American Fuel and Petrochemical Manufacturers Association (AFPM), the industry trade group, and asked, “Are we doing enough to protect people?”