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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 ...
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.
Complaints of acrid odors, fiery accidents, soot and harmful emissions have gained new resonance in recent years.
Oil company Phillips 66 to shut down Los Angeles refinery
A declining percentage of the oil supplied to California's refineries is produced in California, down to 23.4% in 2023 from 51.0% in 1993, thirty years earlier. [17] 15.9% of oil supplied to California's refineries came from Alaska in 2023, and 60.7% came from foreign sources. [17]
In May 2002, the refinery was purchased by Tesoro Petroleum from Valero Energy, along with 70 Ultramar and Beacon gas stations in Northern California, for the total of $1.075 billion. [ 4 ] In November 2010, the refinery had a flaring event, due to a simultaneous PG&E utility power and Foster Wheeler co-generation plant failure, that produced ...
The single largest concentration of refineries is along the Gulf Coast. [12] Although there are refineries in 30 states, just three states dominate US refining: Texas (47 operating refineries), Louisiana (19), and California (18). As of January 2015, these three states contain 45% of all US refineries and 59% of all US refining capacity. [13]
Governor Gavin Newsom said Thursday he will compel California oil refineries to stockpile additional fuel reserves in an effort to ward off price spikes, marking the latest move in his multi-year ...