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Phillips 66 and Southwest Airlines Collaborate to Advance Sustainable Aviation Fuel – Advanced BioFuels USA

by Bernardo Fallas (Phillips 66) Phillips 66 and Southwest Airlines 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.

Phillips 66 secures renewable-fuels feedstock with investment in Iowa soybean-processing plant - Chemical Engineering

Phillips 66 secures renewable-fuels feedstock with investment in Iowa soybean-processing plant By Mary Page Bailey | April 26, 2021 Phillips 66 (Houston) 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 also recently announced a memorandum of understanding with Southwest Airlines to advance the commercialization of sustainable aviation fuel 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.

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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