Oil giant pitches green fuels in duty-free NJ trade zone
Published Date: 3/6/2025
Notice
Summary
Phillips 66 wants to expand its renewable fuel production at its Linden, New Jersey facility inside Foreign-Trade Zone 49. They plan to add renewable diesel, sustainable aviation fuel, renewable naphtha, and renewable gasoline to their approved products, which could save money on import duties. The public can share their thoughts by April 15, 2025, before the final decision is made.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
FTZ approval could lower Phillips 66 duty costs
Phillips 66 asked to add Renewable Diesel, Sustainable Aviation Fuel, Renewable Naphtha, and Renewable Gasoline to production at its Linden, New Jersey facility inside Foreign-Trade Zone (FTZ) 49. Conducting this production under FTZ procedures could save the company money on import duties; the public comment period for this proposal ends April 15, 2025.
Renewable gasoline duty set at 10.5¢/barrel
The notice lists Renewable Gasoline among the proposed FTZ finished products and states the duty rate equals 10.5 cents per barrel. That duty rate is the specific per-barrel tariff figure shown in the submission.
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