03 April 2012 18:49 [Source: ICIS news]
HOUSTON (ICIS)--The president of the United Steelworkers (USW) union has requested two federal commissions to investigate the impact of three refinery closures on the US jet fuel market, the USW said on Tuesday.
The majority of jet fuel refined on the east coast, which has historically supplied New York and Philadelphia metropolitan airports, was produced at three refineries in Pennsylvania.
ConocoPhillips’ 185,000 bbl/day Trainer and Sunoco’s 178,000 bbl/day Marcus Hook refineries in Pennsylvania shut down in late 2011, while Sunoco’s 335,000 bbl/day Philadelphia refinery is expected to shut down by June if no one has purchased the facility.
USW President Leo Gerard wrote letters to the Federal Aviation Administration (FAA) and the Federal Trade Commission (FTC) on 2 April concerning potential price spikes for jet fuel as a result of the refinery shutdowns.
He urged FAA acting administrator Michael Huerta to investigate potential supply and quality problems.
Gerard urged the agency to take whatever steps necessary to keep the refineries open in order to ensure a reliable supply of jet fuel.
He also asked the FTC Chairman Jon Leibowitz to follow through with its stated mission “to prevent business practices that are anticompetitive or deceptive or unfair to customers; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity.”
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections