Phillips 66 declares Main Milestone in manufacturing of Renewable Diesel.
Phillips 66 (NYSE: PSX) introduced a serious milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Power Advanced, increasing industrial scale manufacturing of renewable diesel.
The Rodeo Renewed undertaking has progressed, with the ability now processing solely renewable feedstocks and producing roughly 30,000 barrels per day of renewable diesel. The Rodeo Renewable Power Advanced is on monitor to extend manufacturing charges to greater than 800 million gallons per 12 months (50,000 BPD) of renewable fuels by the top of the second quarter, positioning Phillips 66 as a pacesetter in renewable fuels.
Wealthy Harbison, Phillips 66 govt vice chairman of Refining stated:
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We’re proud to announce this vital achievement at our Rodeo facility
“The undertaking advances Phillips 66’s long-held technique to broaden our renewable fuels manufacturing, decrease our carbon footprint, and supply dependable, reasonably priced power whereas creating long-term worth for our shareholders.”
Harbison added, “We’ve had robust execution to-date and are totally targeted on finalizing the undertaking within the second quarter.”
The Rodeo Renewed undertaking design additionally offers the aptitude of manufacturing renewable jet, a key element of sustainable aviation gasoline (SAF), anticipated to begin manufacturing within the second quarter of 2024.
Phillips 66 made a last funding determination to maneuver ahead with the Rodeo Renewed undertaking in 2022, remodeling the San Francisco refinery into one of many world’s largest renewable fuels services. As a world-class provider of renewable fuels, the transformed facility leverages a premium geographic location, distinctive processing infrastructure and versatile logistics to considerably cut back lifecycle carbon emissions.
About Phillips 66
Phillips 66 (NYSE: PSX) is a number one diversified and built-in downstream power supplier that manufactures, transports and markets merchandise that drive the worldwide economic system. The corporate’s portfolio consists of Midstream, Chemical substances, Refining, and Advertising and Specialties companies.
Headquartered in Houston, Phillips 66 has workers across the globe who’re dedicated to soundly and reliably offering power and bettering lives whereas pursuing a lower-carbon future. For extra info, go to phillips66.com or observe @Phillips66Co on LinkedIn.
Phillips 66 Pronounces Main Milestone in Manufacturing of Renewable Diesel, Houston, April 1, 2024
