Monday, December 2, 2024
Phillips 66 cancels large renewable diesel refinery project- oil and gas 360

Phillips 66 cancels large renewable diesel refinery project

Houston Chronicle Phillips 66 said Tuesday it canceled plans to build the largest renewable diesel refinery along the West Coast, citing concerns with project costs and permitting problems. The Houston-based refining company is withdrawing from its joint effort with the Iowa-based Renewable Energy Group on the diesel refinery that would have churned out 250 million gallons of fuel per year from

Bankers ‘bombard’ Guyana with financing plans as oil boom begins: finance minister

Reuters GEORGETOWN (Reuters) – Bankers are “bombarding” Guyana with offers of financing backed by future oil production, the finance minister told Reuters, but the South American nation is rejecting the proposals to avoid the excessive borrowing that has plagued other oil producers. As the former British colony begins its first significant oil production this year, it is wary of avoiding

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