Phillips 66 to Transition Rodeo Facility to Renewable Fuel Production

Phillips 66 Co. has announced that it will be shutting down the oil refinery operations at its California Rodeo facility in February. This move is part of the company’s plan to transition the facility into the production of renewable fuels by the end of the first quarter.

According to Kevin Mitchell, the Chief Financial Officer of Phillips 66, the facility operated as a crude oil refinery in January but will cease crude operations in February to pave the way for the start of renewable fuels production later this quarter.

Earlier this week, Phillips 66 received clearance from a court-ordered review of environmental impacts associated with its renewable diesel plant in Rodeo, Calif. This development allows the company to proceed with running the plant, which was previously prevented from operating.

Phillips 66 had initially projected that the conversion of its Rodeo oil refinery to renewable fuels production would be completed by early 2024. The facility is expected to have an initial production capacity of over 50,000 barrels per day (b/d) of renewable diesel.

In addition to the Rodeo facility, Phillips 66 owns 13 refineries in the United States and Europe. The company also has businesses in chemicals, midstream, marketing, and specialties.

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