Phillips 66 Reaches Full Renewable Fuel Production at Rodeo

Phillips 66 (NYSE: PSX) has announced today the complete transformation of the Rodeo Renewable Energy Complex, scaling up commercial production and solidifying its leadership in renewable fuels.

The Rodeo facility in the San Francisco Bay Area has ramped up production to about 50,000 barrels per day (800 million gallons per year), meeting Phillips 66's target of reaching full capacity by the second quarter of 2024. This milestone underscores Phillips 66's dedication to contributing significantly to the energy transition and offering customers lower-carbon alternatives.

Rich Harbison, Phillips 66's Executive Vice President of Refining, commented, "Phillips 66 has achieved another significant milestone, showcasing our employees' commitment to our company's strategic goals. Operating the facility at full capacity meets increasing demand for renewable fuels, reduces our carbon footprint, and generates enduring value for our shareholders."

Introduced in 2020, Rodeo Renewed is engineered to manufacture renewable diesel and sustainable aviation fuel (SAF), alongside other products. Beyond serving California markets, the facility supplies renewable diesel to regions across the West Coast.

The Rodeo complex integrates new pre-treatment units for processing feedstocks with lower carbon intensity, including used cooking oil, fats, greases, and vegetable oil. It commenced production of approximately 30,000 barrels per day (BPD) of renewable fuel by the conclusion of the first quarter of 2024.

Phillips 66 (NYSE: PSX) is a prominent, integrated energy company with diverse operations in downstream sectors, encompassing manufacturing, transportation, and global product marketing vital to the world economy. Based in Houston, the company operates globally, employing a dedicated workforce focused on delivering energy safely and reliably while advancing towards a sustainable future. Phillips 66 operates across four main sectors: Refining, Midstream, Chemicals, and Marketing. In Refining, the company emphasizes operational excellence and margin improvement, managing facilities like Bayway, Billings, Borger, Ferndale, Humber, Lake Charles, Los Angeles, MiRO, Ponca City, Santa Maria, Sweeny, and Wood River refineries. Phillips 66 is built on a rich legacy of heritage, joint ventures, and acquisitions. Over the past decade as an independent entity, Phillips 66 has undertaken significant infrastructure projects that solidified its leadership in the crude and natural gas liquids sectors. The company has also prioritized returning $29 billion to shareholders, demonstrating its commitment to shared success. Throughout its journey, Phillips 66 has remained dedicated to its mission of providing energy solutions that enhance lives. Today, Phillips 66 stands as a diversified energy manufacturer and logistics provider, operating globally to process, transport, store, and market fuels and products.