Stock Market Wire News Logo
Stock Market Wire News Logo
    • Login
    • Sign Up

Ad

KITTEE (KTE) TRC20 Token

PSX - Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery


home / news releases / PSX - Phillips 66 Achieves ISCC PLUS Certification to Turn...

PSX PSX Quote PSX Short PSX News PSX Articles PSX Message Board
  • January, 24 2023 04:30 PM
  • |
  • Business Wire
  • |
    • PSX
    • PSX Quote
    • PSX Short
    • PSX News
    • PSX Articles
    • PSX Message Board

Texas refinery meets standards to process pyrolysis oil from hard-to-recycle waste plastics into sustainable feedstocks

Phillips 66 (NYSE: PSX) today announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.

“Phillips 66 is committed to keeping plastics out of the environment and driving toward a more circular economy where plastics packaging is reused, recycled or recovered,” said Zhanna Golodryga, Executive Vice President of Emerging Energy and Sustainability at Phillips 66. “The ISCC PLUS certification highlights the company’s resolve to create sustainable streams for waste materials and to support the growth of advanced recycling in plastics.”

ISCC is a globally applicable and industry recognized sustainability certification system that covers all sustainable feedstocks, including circular feedstocks produced from plastic waste. Its ISCC PLUS certificate covers bio-based and recycled, or circular, raw materials.

The certification for the Sweeny Refinery is the latest example of how Phillips 66 is working to play a key role in building a lower-carbon future by capitalizing on its core competencies and integrated assets.

The ISCC PLUS certification verifies the refinery meets the standards to process pyrolysis oil made from hard-to-recycle waste plastics into circular ethane, circular propane, circular propylene and other sustainable feedstocks and petrochemical building blocks. The products will be used to support polymer producers — including Chevron Phillips Chemical Company LLC, Phillips 66’s 50-50 joint venture — that are advancing a circular economy for plastics.

Chevron Phillips Chemical already produces Marlex ® Anew™ Circular Polyethylene at its Cedar Bayou complex in Baytown, Texas, and is targeting an annual production volume of 1 billion pounds of the circular polymer by 2030.

Sweeny Refinery, which is located in Old Ocean, Texas, on the Gulf Coast, is the second Phillips 66 refinery to achieve an ISCC PLUS certification and the first for the processing of waste plastic pyrolysis oil into circular feedstocks. Its Humber Refinery in the U.K. is ISCC PLUS certified to process used cooking oil, food waste and other circular feedstocks.

About Phillips 66

Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter .

PHILLIPS 66 CAUTIONARY STATEMENT FOR THE PURPOSE OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized, and involve risks and uncertainties, many of which are beyond Phillips 66’s control. A discussion of factors that may affect future results is included in Phillips 66’s filings with the Securities and Exchange Commission. Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230124006069/en/

Jeff Dietert (investors)
832-765-2297
jeff.dietert@p66.com

Owen Simpson (investors)
832-765-2297
owen.simpson@p66.com

Thaddeus Herrick (media)
855-841-2368
thaddeus.f.herrick@p66.com

Get Email and Text Alerts for (NYSE:PSX)

Get Email and Text Alerts for (NYSE:PSX)

News, Short Squeeze, Breakout and More Instantly...

Tags
  • Commodities
  • Energy
  • Futures Trading
  • Computing and Information Technology
Share This Post

Market Wire News is a media platform, the information on this page was provided by Business Wire via Quote Media. Read our full disclaimer.

Link your Twitter Account to Market Wire News

When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.

Be alerted of any news about your stocks and see what other stocks are trending.


Contact the Author

Stock Information

Phillips 66 Company Name:

PSX Stock Symbol:

NYSE Market:

Phillips 66 Website:

Phillips 66 Logo

Get PSX Alerts

News, Short Squeeze, Breakout and More Instantly...

Ad

KITTEE (KTE) TRC20 Token
RECENT PSX NEWS
  • Research
  • Stock Search
  • News Releases
  • Articles
  • Message Boards
  • Trending Stocks
  • Short Information
  • Stock Wall
  • Coins
  • Link Twitter
  • Sign Up
  • Login
  • Contact

Join us on Discord

Join us on Discord

Follow us on discord to get immediate notifications!

Check out the New Market Wire News Discord Bot

Discord


Sign up or login to continue

Sign up or login to continue.


Forgot password?




Mobile Number Subscribers

Market Wire News provides notifications to customers about updates, service, reminders, or products. Current and new customers of Market Wire News will enter their mobile numbers on a web opt-in form https://marketwirenews.com. Supported Carriers are as follows Alltel, AT&T, Cincinnati Bell, Dobson Cellular Systems, Inter Op, MetroPCS®, Nextel Communications, Sprint PCS, T-Mobile®, U.S. Cellular®, Verizon Wireless, and Virgin Mobile U.S. T-Mobile® is not liable for delayed or undelivered messages. There are no premium charges for joining Market Wire News service. Message and data rates may apply. Subscribers to Market Wire News service may receive up to 500 per month.

How to Opt Out

To opt-out of the Market Wire News program, send or text STOP, END, QUIT, CANCEL or UNSUBSCRIBE to (844) 931-3999. An unsubscribe message will be sent to your number confirming the cancellation, but no more messages will be sent after that one.

Mobile Support

For support or information about a Market Wire News, send or text HELP to (844) 931-3999. Optionally, you may email support@marketwirenews.com.

WATCH LIVE TRENDING STOCKS

Advertise

Brand your company, advertise your products or services with our ad programs.

Advertise

Research

Stock Search

News Releases

Articles

Message Boards

Trending Stocks

Short Information

Stock Wall

Members

Log In

Sign Up

Stay Connected

Follow @marketwirenews

| Facebook

| Telegram

| LinkedIn

| Reddit

| Discord


Contact

Privacy

Terms of Service

Disclaimer

© 2023 Market Wire News