The seasons are changing in many parts of the world right now, but what really is changing this autumn is how the world is looking at renewable diesel. Phillips 66 and REG’s announcement about a new renewable diesel plant on the U.S. West Coast planned for 2021 comes after a notable increase in refineries that […]
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 […]
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 […]
