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0 0 7.90576330143956E-05 0.00102774922918804 -0.00300419005454984 -0.000790576330144743 0.0045062850818246 0.00490157324689691
Stock impact report

Closure of Phillips 66 refinery in South Bay has developers licking their lips [Los Angeles Times (CA)]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Potential replacements for the century-old refinery complex covering 650 acres include housing and last-mile distribution centers for e-commerce merchants, both of which are in high demand. There may be shops, restaurants, and sports and entertainment venues. “It's a tremendous opportunity,” real estate analyst Jesse Gundersheim said. “Where else are you going to find hundred of acres of developable land in L.A or coastal California?” Oil giant Phillips 66 announced last month that late next year it will close the twin refineries in Carson and Wilmington that produce about 8% of the state's gasoline. About 900 workers currently operate the refinery, which also produces diesel and jet fuel. The refinery's massive fuel storage tanks, distillation towers and sprawling pipeline have been a long-standing source of community concern. In recent years, complaints of acrid odors, fiery accidents, soot and harmful emissions have gained new resonance as public officials become more sensit Show less Read more
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