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California's attempt to manage a smooth transition away from gasoline just got roughed up with this week's decision by Phillips 66 to shutter its refinery in Wilmington next year, wiping out more ...
The closure will leave the state with eight major refineries — three in Bay Area and five in the Los Angeles area, operated by Chevron, Valero and other refiners — as well as several smaller ones.
The South Bay is in for a large-scale transformation near the Port of Los Angeles as Phillips 66 shuts down its sprawling refineries and makes way for developers to reimagine the prime real estate.
Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The company said it will remain operating in the state.
Due to the COVID-19 Pandemic, the refinery went into idle mode in early 2020 and stopped all production. After nearly half a year, the company decided to shut down production and laid off over 720 employees with the majority of them leaving work on October 28, 2020. Some employees remained as the refinery became a tank and storage facility.
Tosco (from "The Oil Shale Corporation") was an independent US based petroleum refining and marketing corporation based in Stamford, Connecticut.It was founded in 1955 in Santa Monica, California by A&P heir Huntington Hartford, and originally focused on extracting oil from oil shale and developing alternative energy sources.
Complaints of acrid odors, fiery accidents, soot and harmful emissions have gained new resonance in recent years.
The Dominguez Oil Field is a large oil field underneath Dominguez Hills near Carson, California and the California State University, Dominguez Hills. It was a major oil producer from 1923 through 1960. Starting in 2010, oil companies became interested in redeveloping the field using modern extraction technologies.