Phillips 66 Rodeo Renewed – California USA

Project: Phillips 66 Rodeo Renewed
Sponsors: Phillips 66 (NYSE: PSX)
Feedstock: HEFA – used cooking oils and animal fats
Location: San Francisco, Contra Costa County

Production start: 2024
Production: 800m gallons of renewable fuel including diesel

Phillips 66 formerly approved the $850m investment in May 2022. It is converting a fossil fuel refinery, capable of producing an initial 800 million gallons per year of renewable fuels.

Greg Garland, Chairman and CEO, Phillips 66 in May 2022:

“Rodeo Renewed stands to play a major role in helping us lower our carbon footprint as we continue to provide reliable, affordable energy,” said This is a project that will help meet growing demand for lower-carbon fuels, preserve jobs and support California in achieving its climate goals. It is a great example of how Phillips 66 is making meaningful investments in a sustainable energy future that can create long-term value for our shareholders.”