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2021 AFPM Annual Meeting Virtual Edition: Sustainability without sacrifice
4/11/2021
In a recent interview, actor Robert Downey Jr. remarked that, “You shouldn t have to sacrifice quality for sustainability.” While he was not speaking about the oil and gas industry, his statement echoed what has been a core value of the downstream refining industry since shortly after its inception and this value has never been more relevant. Plants today are safer and have a lower environmental impact than in the past, while simultaneously the quality of the refined product they produce has improved to meet more stringent quality and environmental specifications (
FIG. 1).
The trend of traditional oil companies expanding into renewable fuels production is a recent example of the industry flexing to meet market demands for more sustainable products to remain a key producer of energy for the future. As an example, several companies have announced plans to convert marginal fossil fuel asset