NPRA: Hatch describes support for refining investment

Sen. Orrin Hatch (R-Utah) outlined his legislation encouraging investment in refining capacity to attendees at the National Petrochemical & Refiners Association annual meeting in Salt Lake City.“Even though refining profitability has been strong in recent years and efficiency at refineries has improved, I remain concerned that capacity growth is not keeping pace with demand growth,” he said. “Given the boom and bust history of the oil industry, I would imagine many [refiners] have concerns about overinvesting in expansion projects.”Hatch outlined a bill he introduced a year ago, S. 1039, designed to help refiners improve returns on investment and encourage inve...

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