Phillips 66 Reveals Milestone In Its Conversion Of San Francisco Refinery Into The Rodeo Renewable Energy Complex
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 announced progress in converting its San Francisco refinery into the Rodeo Renewable Energy Complex, aiming to produce over 800 million gallons of renewable fuels annually by Q2's end. This positions Phillips 66 as a renewable fuels leader.
April 01, 2024 | 8:42 pm
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Phillips 66's conversion of its San Francisco refinery into the Rodeo Renewable Energy Complex aims to significantly boost its renewable fuels production, positioning the company as a leader in the sector.
The conversion of the refinery into a renewable energy complex is a significant strategic move for Phillips 66, indicating a strong pivot towards renewable energy. This could positively impact investor perception and the company's stock price in the short term, as it aligns with growing demand for renewable energy sources and potential regulatory benefits.
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