Phillips 66 hits full 120 mgy rate of renewable diesel production in Rodeo, California
Updated: Aug 10, 2021
In its second-quarter financials, Phillips 66 said the hydrotreater conversion at its Rodeo Renewed refinery in California outside of San Francisco reached the full rate of renewable diesel production last month, which is 120 million gallons per year (mgy). The plant is using Haldor Topsoe’s HydroFlex™ process technology.
Permitting for the complete conversion of the refinery to produce 800 mgy is moving forward as planned, the company said. Completion is anticipated for early 2024.
In related news, the company said it is converting 600 branded retail sites in California to sell renewable diesel produced by the Rodeo facility. Phillips 66 also said it plans to release greenhouse gas emission reduction targets later this year.
The energy company turned its financials around considerably in the second quarter compared to the first three months of 2021. It posted second-quarter earnings of $296 million, compared with a loss of $654 million in the first quarter.
For more detailed second-quarter financials from Phillips 66, click here.