Energy Efficiency, GHG Emissions, Industrial, Sourcing Renewables - June 23, 2022
Phillips 66 Updates Emission Progress
Phillips 66 announced steps the energy company made toward its 2030 and 2050 GHG emissions reduction targets with the release of its 2022 Sustainability Report.
The company introduced its new Emerging Energy organization, which is focused on renewable fuels, batteries, carbon capture and hydrogen, and made progress on its Rodeo Renewed project, which upon completion will be one of the world’s largest renewable fuels facilities.
Phillips 66’s Humber Refinery is the first U.K. refinery to manufacture and supply sustainable aviation fuel at scale.
The company also invested in the U.S. battery supply chain to enable EV growth and established a joint venture to build a network of low-carbon hydrogen fueling stations in Europe.
The company's 2022 Sustainability Report gives a comprehensive account of the company’s efforts to deliver on its commitment to advance a lower-carbon future with refineries in the U.S. and Europe, 22,000 miles of pipeline systems, a petrochemical joint venture and a global network of fueling outlets that distribute its energy products.
“We are experts in making and moving the energy of today, and we are motivated by the opportunities we see all around us to optimize our businesses to thrive as energy systems evolve,” wrote Phillips 66 Chairman and CEO Greg Garland and President and COO Mark Lashier in a joint letter introducing the report. “That’s why we are strengthening our core businesses, expanding our digital capabilities, using technology to improve operating efficiencies and transforming our organization to increase productivity.”