Phillips 66 (PSX) Ramps Up Production of Renewable Fuels [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
The complex has achieved full production rates following the conversion, which has raised throughput rates to 50,000 barrels per day. This equals approximately 800 million gallons of renewable fuel per year. The Rodeo complex has completely ceased crude oil processing and shifted to the production of renewable diesel and sustainable aviation fuels. By ramping up the production of renewable fuels, the Rodeo complex has successfully met the target of achieving full capacity by the end of the second quarter. The Rodeo complex had a production capacity of 30,000 barrels per day of renewable fuel at the end of the first quarter of 2024. PSX had announced the Rodeo Renewed project back in 2020. The complex has been engineered to produce renewable diesel and sustainable aviation fuels, among other products, which are to be supplied not only to the Californian market but also to other regions along the West Coast. The facility uses lower carbon intensity feedstocks like used cooking oil,
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PSX
Earnings
- 4/26/24 - Miss
PSX
Sec Filings
- 6/21/24 - Form 11-K
- 6/13/24 - Form 144
- 6/5/24 - Form 3
- PSX's page on the SEC website