Texas Oil Giant Pivots to Renewables with Duty-Free Perks
Published Date: 3/6/2025
Notice
Summary
Phillips 66 wants to expand its Old Ocean, Texas facility to make renewable fuels like diesel, aviation fuel, and gasoline under special trade rules that can save money on import duties. This change affects the company and anyone interested in renewable energy production, with public comments open until April 15, 2025. The move aims to boost cleaner fuel production while keeping costs down.
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Previous: 2025-03611, Foreign-Trade Zone (FTZ) 87, Notification of Proposed Production Activity; Phillips 66 Company; (Renewable Fuels); Lake Charles, Louisiana
Phillips 66 wants to boost its Lake Charles plant by making renewable fuels like diesel, jet fuel, and gasoline under special trade rules that can save money on import taxes. This change affects the company and anyone interested in cleaner fuels, with public comments open until April 15, 2025. It’s a smart move to support greener energy and keep costs down!
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