Phillips 66 Achieves Full Production Rates of Renewable Fuel
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Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Business Wire
Rodeo Renewed project increases output to approximately 50,000 barrels per day (BPD) HOUSTON--(BUSINESS WIRE)--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 renewab
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