Emerging Energy
Our long-term commitment to building a thriving, lower-carbon business platform.
Creating Lower-Carbon Alternatives for a Resilient Future
Pursuing return-focused projects, technologies and partnerships that support the decarbonization of our operations and provide customers with lower-carbon alternatives.
Renewable Fuels
Lower-carbon fuels like renewable diesel, sustainable aviation fuel and renewable naphtha are a natural extension of Phillips 66’s current business and allow us to build on core adjacencies to become a market leader.
Currently we are producing ~10 MBD of renewable fuels at our Rodeo Renewable Energy Complex and co-processing variety of renewable feedstocks at our Humber facility in UK. Our Commercial organization has active positions in renewable feedstock sourcing and product placement. Additionally, we are pursuing opportunities in circular plastic economy, such as pyoil processing.
Specialty Coke & Batteries
Phillips 66 is a leading global manufacturer of specialty coke, a precursor to synthetic graphite used in decarbonized steel production and in battery anode material. The company has a key role to play in developing the battery value chain in the U.S. and Europe.
Renewable Power
Phillips 66 is leveraging renewable power solutions to decarbonize strategic assets, lower carbon intensity of renewable fuels, reduce operational costs, and support regulatory compliance.
EV Charging
We’re working alongside leading technology companies to bring EV charging to U.S. and European consumers.
Decarbonization
We are leveraging other energy technologies, such as carbon capture and hydrogen to lower carbon intensity of our products and operations.
The Carbon Capture Process, Explained
At Phillips 66, we believe Carbon Capture and Storage is one way we can make a lower-carbon energy future a reality.
As you will see in the video, carbon dioxide is captured and bound along with other gases created in our energy-making process. Once isolated, heat releases the carbon dioxide from the capture process. The carbon dioxide is compressed and transported to a site where it is securely stored thousands of feet underground beneath impermeable layers of rock.
