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Phillips 66 and Southwest Airlines collaborate to advance sustainable aviation fuel

Press release content from Business Wire. The AP news staff was not involved in its creation.
Phillips 66 and Southwest Airlines collaborate to advance sustainable aviation fuel
April 22, 2021 GMT
HOUSTON (BUSINESS WIRE) Apr 22, 2021
Phillips 66 (NYSE: PSX) and Southwest Airlines (NYSE: LUV) have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development. The memorandum of understanding also sets the framework to explore a future supply agreement involving Phillips 66’s Rodeo Renewed project in California and highlights the commitment by both companies to a sustainable energy future.
Sustainable aviation fuel, or SAF, is a lower carbon-intensity fuel that can be produced from renewable feedstocks such as waste oils, fats, greases and vegetable oils. It is a drop-in fuel, meaning it can be used in existing aircraft engines and airport fuel infrastructure. ....

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Phillips 66 Secures Renewable Fuels Feedstock Supply through Investment in Soybean-Processing Plant – Advanced BioFuels USA

(Phillips 66/Business Wire) The company becomes a minority owner in Shell Rock Soy Processing Phillips 66 (NYSE: PSX) is securing feedstock for the company’s growing portfolio of renewable fuels projects by investing in a new soybean-processing plant in Iowa.
The company’s investment gives it a minority ownership stake in Shell Rock Soy Processing, named after the nearby town in northeast Iowa where it will be built. The plant, which is pending state and local approvals, will yield approximately 4,000 barrels per day of soybean oil. Phillips 66 has an agreement to purchase 100% of the plant’s soybean oil production that will be used to make renewable fuels. ....

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Southwest Airlines Seeks To Advance Sustainable Aviation Fuel Through Two New Energy Partnerships

Southwest Airlines Seeks To Advance Sustainable Aviation Fuel Through Two New Energy Partnerships
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Phillips 66 (PSX) Q4 2020 Earnings Call Transcript

Operator
Welcome to the Fourth Quarter 2020 Phillips 66 Earnings Conference Call. My name is David, and I will be your operator for today s call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. Please note that this conference is being recorded.
I will now turn the call over to Jeff Dietert, Vice President, Investor Relations. Jeff, you may begin.
Jeff Dietert
Vice President, Investor Relations
Good morning, and welcome to Phillips 66 s fourth quarter earnings conference call. Participants on today s call will include Greg Garland, Chairman and CEO; Kevin Mitchell, EVP and CFO; Bob Herman, EVP Refining; Brian Mandell, EVP Marketing and Commercial; and Tim Roberts, EVP Midstream. ....

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