Phillips 66 (PSX) Halts Crude at Rodeo Refinery in February

Core Viewpoint - Phillips 66 is transitioning its Rodeo refinery in California to a renewable fuel production hub, temporarily halting crude oil processing in February to facilitate this change [1][2][3]. Group 1: Transition Plans - The Rodeo refinery is currently processing 115,000 barrels per day (bbl/d) and aims to produce over 50,000 bbl/d of renewable diesel by the end of the second quarter [3]. - The transition includes the operation of a converted hydrocracker expected to start in March, reaching around 50% capacity shortly thereafter [2]. - Completion of a pre-treatment unit (PTU) and a second hydrocracker is anticipated in April, with commissioning extending into May [2]. Group 2: Focus on Lower Carbon Feedstocks - Following the successful operation of the PTU, Phillips 66 plans to shift its processing focus to lower carbon intensity feedstocks, such as fats, greases, and tallows, starting in late Q2 and continuing into Q3 [2].