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- Phillips 66 Completes Full Conversion of Rodeo Renewable Energy Complex
Phillips 66 Completes Full Conversion of Rodeo Renewable Energy Complex
Slice of Energy Team
July 07, 2024
Key Highlights:
Phillips 66 completes full conversion of Rodeo Renewable Energy Complex.
Facility achieves 50,000 BPD production of renewable fuels.
Supports growing demand for renewable fuels and reduces carbon footprint.
Produces renewable diesel and sustainable aviation fuel (SAF).
Supplies renewable fuels across California and West Coast markets.
Source (Business Wire)
Notable Quote:
"Phillips 66 has reached another important milestone, which is a testament to our employees’ dedication to achieving our company’s strategic priorities. 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."
Our Take:
The completion of the full conversion of the Rodeo Renewable Energy Complex positions Phillips 66 as a frontrunner in the renewable fuels sector. By reaching the milestone of 50,000 BPD production capacity, Phillips 66 not only meets the increasing demand for renewable diesel and SAF but also significantly contributes to reducing carbon emissions. The inclusion of new pre-treatment units that process lower carbon intensity feedstocks underscores the company's commitment to sustainable practices. This strategic move aligns with global energy transition goals and strengthens Phillips 66’s market presence on the West Coast, promising substantial long-term value for shareholders.