Tag: Phillips 66

Phillips 66 to boost biofuel blending to lower RIN exposure

Phillips 66 to boost biofuel blending to lower RIN exposure

August 1, 2013 |

In Texas, Phillips 66 is planning to boost its biofuel blending in order to reduce its RIN exposure. The company doesn’t report its RIN expenditure, but said in its Q2 reporting that rising RIN costs have negatively impacted its profit margin, already reduced by expensive transport of North Dakota crude to the east coast for […]

Read More

Phillips 66 to Sell Two Major Refineries in Ireland

Phillips 66 to Sell Two Major Refineries in Ireland

June 10, 2013 |

In Ireland, Phillips 66 has engaged Deutsche Bank to sell its assets at Whitegate and Bantry, in West Cork, by the end of the year. The Whitegate facility produces unleaded gasoline, auto diesel, central heating oil, liquid petroleum gas, and blends biofuels. The company also operates a crude oil and refined products terminal in Bantry […]

Read More