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Phillips 66 (NYSE:PSX) - Red-Hot Renewable Diesel Encouraging Producers To Buy Into Upstream Supply Chains


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It was the sort of deal that is a shocker because it goes completely against the trend in the oil business.
The transaction in question was the recent announcement by
Phillips 66 (NYSE: PSX) that it was going to reverse integrate its renewable diesel operations. In doing so, the company sent two messages.
One, which it had already signaled but reaffirmed with the move, is that renewable diesel is extremely important to the U.S. refining sector. 
The second is that to make renewable diesel, you need feedstocks. And companies with big renewable diesel plans need to worry about that.  ....

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