(CORRECTION) AFPM Releases New Report on the State of the American Fuel & Petrochemical Supply Chains
July 10, 2018 - 4:56 PM EDT
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(CORRECTION) AFPM Releases New Report on the State of the American Fuel & Petrochemical Supply Chains
Washington D.C., July 10, 2018 (GLOBE NEWSWIRE) -- The American Fuel & Petrochemical Manufacturers (AFPM) released “The Fuel & Petrochemical Supply Chains: Moving the Fuels & Products That Power Progress.” This report illustrates the critical importance of robust midstream infrastructure to the American energy renaissance that is driving domestic manufacturing and leveraging our emergence as a leader in global energy markets.
The report captures the current state of the U.S. midstream infrastructure – the integrated system of pipelines, railroads, ports, waterways, roads and storage facilities – that is the backbone of the fuel and petrochemical product supply chains. This infrastructure is responsible for moving crude oil and natural gas from production sites to refineries and petrochemical facilities, and refined products and petrochemicals from those facilities to the American people.
“Our midstream infrastructure ensures that everyone can benefit from our abundant natural resources.” said AFPM President Chet Thompson. “Today the United States is developing its energy resources at record levels, but to continue, our infrastructure must keep pace. AFPM members are investing billions of dollars in new infrastructure, but crucial investments rely on ensuring that federal policies provide regulatory certainty to efficiently build out a network that reliably delivers America’s energy and keeps our economy competitive.”
In 2017, approximately 43.3 million barrels of crude oil, refined products and natural gas liquids, and 79.1 billion pounds of plastic resins moved through the U.S. midstream infrastructure networks each day. This supply chain facilitates the manufacturing of life-saving medical equipment, food storage, electronics, transportation and other goods. The resiliency of this supply chain allows these industries to be nimble and address disruptions efficiently with minimal impact to consumers.
The full report can be accessed here, while additional graphics illustrating the integration of the fuel and petrochemical supply chains can be viewed here and here.
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About AFPM
The American Fuel & Petrochemical Manufacturers (AFPM) is a national trade association representing more than 300 companies that encompass virtually all U.S. refining and petrochemical manufacturing capacity.
