Phillips 66 Achieves Full Production Rates of Renewable Fuel
26 Giugno 2024 - 2:30PM
Business Wire
Rodeo Renewed project increases output to
approximately 50,000 barrels per day (BPD)
Phillips 66 (NYSE: PSX) today announced the full conversion of
the Rodeo Renewable Energy Complex, expanding commercial-scale
production and positioning the company as a leader in renewable
fuels.
The Rodeo facility in the San Francisco Bay Area increased rates
to approximately 50,000 BPD (800 million gallons per year),
reaching the company’s goal of achieving full capacity by the
second quarter of 2024. The announcement also marks a significant
step in Phillips 66’s commitment to play a meaningful role in the
energy transition and provide customers with lower-carbon
solutions.
“Phillips 66 has reached another important milestone, which is a
testament to our employees’ dedication to achieving our company’s
strategic priorities,” said Rich Harbison, Phillips 66 executive
vice president of Refining. “The facility running at full capacity
supports the growing demand for renewable fuels, lowers our carbon
footprint and creates long-term value for our shareholders.”
Announced in 2020, Rodeo Renewed is designed to produce
renewable diesel and sustainable aviation fuel (SAF), among other
products. In addition to supplying California markets, the complex
is providing renewable diesel in other areas along the West
Coast.
The Rodeo complex includes new pre-treatment units that process
lower carbon intensity feedstocks, such as used cooking oil, fats,
greases and vegetable oil. It began producing approximately 30,000
BPD of renewable fuel at the end of the first quarter of 2024.
About Phillips 66
Phillips 66 (NYSE: PSX) is a leading diversified and integrated
downstream energy provider that manufactures, transports and
markets products that drive the global economy. The company’s
portfolio includes Midstream, Chemicals, Refining, and Marketing
and Specialties businesses. Headquartered in Houston, Phillips 66
has employees around the globe who are committed to safely and
reliably providing energy and improving lives while pursuing a
lower-carbon future. For more information, visit phillips66.com or
follow @Phillips66Co on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625133269/en/
Jeff Dietert (investors) 832-765-2297 jeff.dietert@p66.com Owen
Simpson (investors) 832-765-2297 owen.simpson@p66.com Thaddeus
Herrick (media) 855-841-2368 thaddeus.f.herrick@p66.com
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