AFPM 2018 ANNUAL REPORT

WE MAKE PROGRESS

A MESSAGE FROM THE CHAIRMAN OF THE BOARD
AND THE PRESIDENT AND CEO OF AFPM

The American Fuel & Petrochemical Manufacturers (AFPM) is proud to represent the makers of the fuels that keep our country and the world moving and the petrochemicals that are the building blocks for modern life. Our industries are noble and our products have transformed the world. We manufacture the fuels that power the cars, trucks and buses that get millions of people to work and to school each day. We make the petrochemicals that go into literally thousands of products likes plastics, computers and medical equipment. Our industries make life better, safer, healthier and, most of all, possible.

We are critical to boosting the nation’s energy security and sustaining the U.S. economy. Over three million jobs in 33 states are supported by our 117 refineries and over 230 petrochemical facilities. Together, these industries add nearly $600 billion to the U.S. economy each year, and we do so while investing heavily in innovations, technological advancements and process efficiencies that reduce our environmental impact.

Our highest priority remains the safety and security of our employees, surrounding communities and our facilities. A continued focus on enhanced performance and operations, combined with advancements in our use of cutting-edge technology, have made the fuel and petrochemical industries among the safest and most secure in the nation.

This past year, our industries faced many challenges with unprecedented storms that threatened the heart of our operations. Despite the widespread flooding and devastation, our highly committed and talented workforce got operations up and running, resulting in minimal disruptions for consumers. And they contributed in countless ways to aid their communities by working alongside first responders and helping their neighbors rebuild. Their dedication, vigilance and courage are a testament to the character of the people who work in our industries.

In the coming year and beyond, AFPM will advocate for policies that promote growth and investments in our industries so that consumers have the products they have come to rely upon. Policies that enhance transparency, promote competition and balance the needs for all Americans will further improve the standard of living and strengthen the foundation of our nation.

As we look back on the accomplishments of 2017 and look ahead to the future, one thing is clear: the fuel and petrochemical industries are resilient, innovative and determined. We make many things, but above all, we make progress.

Joe Gorder Chairman President and Chief Executive Officer Valero Energy Corporation AFPM Chairman of the Board

Chet M. Thompson President and Chief Executive Officer American Fuel & Petrochemical Manufacturers