Petro & Chemical

The Petroleum & Chemical industry is challenged by increasingly stringent environmental mandates, and the need to deliver more environmentally-compliant fuels to the transportation industry, all while facing blending challenges, restrictions, commodity pricing volatility to their primary fuels, risks to transportation infrastructure, logistics, and physical capacity constraints. The impact to-date has not only been a direct effect on the long-term economic viability of these companies, but also the communities in which they operate.

Challenges faced by operators in this industry have been driven by and have resulted in:

• The imperative to reduce greenhouse (GHG) emissions upwards of 80 percent by 2050 in reaction to an increasingly mobilized consumer and economy
• Significant climate/clean energy policy momentum in a majority of U.S. states, with likely near-term federal action that will further increase costs and complicate development of fossil-fuel based fuels
• Increased industry reliance on costly, incentivized alternative blend fuels