Phillips 66 Achieves Full Manufacturing Charges of Renewable Gasoline.
Phillips 66 (NYSE: PSX) at the moment introduced the total conversion of the Rodeo Renewable Vitality Advanced, increasing commercial-scale manufacturing and positioning the corporate as a pacesetter in renewable fuels.
The Rodeo facility within the San Francisco Bay Space elevated charges to roughly 50,000 BPD (800 million gallons per 12 months), reaching the corporate’s objective of reaching full capability by the second quarter of 2024. The announcement additionally marks a big step in Phillips 66’s dedication to play a significant position within the power transition and supply clients with lower-carbon options.
Wealthy Harbison, Phillips 66 government vice chairman of Refining, stated:
Phillips 66 has reached one other vital milestone, which is a testomony to our staff’ dedication to reaching our firm’s strategic priorities.
“The power working at full capability helps the rising demand for renewable fuels, lowers our carbon footprint and creates long-term worth for our shareholders.”
Introduced in 2020, Rodeo Renewed is designed to provide renewable diesel and sustainable aviation gas (SAF), amongst different merchandise. Along with supplying California markets, the complicated is offering renewable diesel in different areas alongside the West Coast.
The Rodeo complicated contains new pre-treatment models that course of decrease carbon depth feedstocks, equivalent to used cooking oil, fat, greases and vegetable oil. It started producing roughly 30,000 BPD of renewable gas on the finish of the primary quarter of 2024.
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Phillips 66 Achieves Full Manufacturing Charges of Renewable Gasoline. supply
