{"id":34720,"date":"2024-01-31T09:48:25","date_gmt":"2024-01-31T15:48:25","guid":{"rendered":"https:\/\/www.phillips66.com\/?p=34720"},"modified":"2024-01-31T09:48:26","modified_gmt":"2024-01-31T15:48:26","slug":"refineries-champion-renewable-fuels-in-energy-transition","status":"publish","type":"post","link":"https:\/\/www.phillips66.com\/newsroom\/refineries-champion-renewable-fuels-in-energy-transition\/","title":{"rendered":"Rethinking refineries: Phillips 66<\/span> champions renewable fuels in energy transition"},"content":{"rendered":"\n

Phillips 66 is committed to playing a meaningful role in the energy transition by offering lower-carbon solutions to supplement its production of traditional fuels.<\/p>\n\n\n\n

That was the message delivered by Suresh Vaidyanathan, the company\u2019s vice president of renewable fuels, at the Argus America Crude Summit in Houston on Jan. 24. He was joined by executives from other refiners operating in the U.S. on a panel discussion exploring refining in a low-carbon world.<\/p>\n\n\n\n

\u201cIf anybody is well-positioned to supply energy and participate in the energy transition, it\u2019s the refineries,\u201d said Vaidyanathan, a chemical engineer with some 27 years of\u00a0experience in the oil and gas industry. \u201cWe have the assets, mindset and experience.\u201d<\/p>\n\n\n\n

Phillips 66 is thinking differently about its refineries in terms of repurposing feedstocks, processes and products, he said. A prime example is the conversion of the San Francisco Refinery in Rodeo, California, into one of the world\u2019s largest renewable fuels facilities. Rodeo Renewed is expected to start up by the end of the first quarter and will produce renewable diesel and sustainable aviation fuel.<\/p>\n\n\n\n

Vaidyanathan also cited the company\u2019s Humber Refinery, the first in the U.K. to produce biofuels and SAF at scale and the primary supplier of SAF to British Airways.<\/p>\n\n\n\n

While Phillips 66 is committed to pursuing returns-focused projects that support the decarbonization of its operations, Vaidyanathan pointed to regulatory certainty and timely permitting as key factors that will determine the success and speed of the energy transition.<\/p>\n\n\n\n

\u201cWe are well-positioned to provide lower-carbon solutions, not because we have to, but because it makes sense,\u201d said Vaidyanathan. \u201cWe can support a well-paced energy transition while providing affordable and reliable energy at scale.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Emerging Energy executive Suresh Vaidyanathan talks refining\u2019s future.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","widen_thumbnail_url":"https:\/\/phillips66.widen.net\/content\/f3zxm4cjkh\/jpeg\/24-0001_6%20Argus%20Crude%20Summit_DotCom%20Thumbnail.jpeg?w=640&h=500&position=c&color=ffffffff&quality=80&u=unxpvg","widen_thumbnail_width":"640","widen_thumbnail_height":"500","psx_hero_image_url":"https:\/\/phillips66.widen.net\/content\/lgsmkvhfcq\/jpeg\/24-0001_6%20Argus%20Crude%20Summit_DotCom.jpeg?keep=c&crop=yes&color=ffffffff&quality=54&u=unxpvg","psx_hero_image_width":"2048","psx_hero_image_height":"640","psx_hero_image_mobile_url":"https:\/\/phillips66.widen.net\/content\/f3zxm4cjkh\/jpeg\/24-0001_6%20Argus%20Crude%20Summit_DotCom%20Thumbnail.jpeg?w=640&h=500&position=c&color=ffffffff&quality=80&u=unxpvg","psx_hero_image_mobile_width":"640","psx_hero_image_mobile_height":"500","psx_byline":"Bill Zander, Corporate Communications"},"categories":[9,10],"class_list":["post-34720","post","type-post","status-publish","format-standard","hentry","category-refining","category-renewable-energy"],"yoast_head":"\nRethinking refineries: Phillips 66 champions renewable fuels in energy transition - Phillips 66<\/title>\n<meta name=\"description\" content=\"Emerging Energy executive Suresh Vaidyanathan talks refining\u2019s future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.phillips66.com\/newsroom\/refineries-champion-renewable-fuels-in-energy-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rethinking refineries: Phillips 66 champions renewable fuels in energy transition\" \/>\n<meta property=\"og:description\" content=\"Emerging Energy executive Suresh 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