Petchem

Rob Benedict, AFPM’s Vice President of Midstream and Petrochemicals, issued the following statement after Congress passed, and President Biden signed, a resolution to avoid a nationwide rail strike.

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.

To address freight rail concerns, leaders from LyondellBasell and the Surface Transportation Board (STB) held discussions and toured LyondellBasell’s facility in Morris, Illinois. LyondellBasell’s Morris Complex is unique in that it is served by more than one major rail carrier. Nearly 80 percent of U.S. refineries and petrochemical facilities operate in regions served by just one freight rail provider.

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. – AFPM launches seven-figure campaign thanking Democrat champions, warning that reconciliation taxes could lead to higher prices on gas and consumer goods, threaten jobs and undermine U.S. energy security.

Heartwarming story alert: this little penguin in Sea World is suffering from a rare condition that causes it to lose its feathers, without which it would struggle to stay warm in the water.

If there’s one thing that films like ET and shows like Stranger Things have taught us, it’s that any super-secretive shady government program worth its salt needs hazmat suits.