Energy Efficiency, GHG Emissions, Industrial - June 21, 2024
Phillips 66 Lowers Manufacturing Emissions by 17%
Phillips 66 reached a 17% reduction of manufacturing-related emissions from Scope 1 and 2 operated assets and a 7% reduction of products manufactured and sold in Scope 3 emissions from operated assets.
Details were released in its 2024 Sustainability and People Report, demonstrating the company’s approach to increasing the supply of energy while advancing projects to reduce emissions and foster growth.
“This report is both a snapshot of our employees’ achievements and a roadmap for the future as we continue to deliver on our strategic priorities,” said Phillips 66 Chairman and CEO Mark Lashier in a statement. “Our successes in 2023 demonstrate our commitment to carrying out our mission of providing energy and improving lives. We are energized by the opportunities ahead as we pursue lower-carbon and other investments that are the right strategic fits for our business.”
The energy company also completed the transition and startup of its San Francisco Refinery into the Rodeo Renewable Energy Complex, a renewable fuels facility and achieved progress on sustainability goals and GHG emissions reduction targets, including methane emissions management.
Phillips 66 announced its GHG emissions intensity improved from its 2019 baseline due to portfolio changes, enhanced refining utilization, energy use optimization, and renewable fuels blending. The company also developed a four-part methane management approach that includes integrating people and data systems, implementing best operating practices, utilizing technology, and leveraging academic and industry partnerships.
The company is evaluating ways to increase lower-carbon hydrogen use in its operations. One example is a project to produce and supply green hydrogen to the Ferndale Refinery in Washington state and reduce the carbon intensity of its fuels. Green hydrogen, a nearly GHG emission-free fuel, is created through electrolysis using wind or solar electricity.
In 2024, Uniper and Phillips 66 Limited, a U.K.-based, wholly-owned subsidiary of Phillips 66, signed a collaboration agreement to work to supply green hydrogen to the Humber Refinery. The hydrogen would be used to replace refinery fuel gas in industrial-scaled furnaces and reduce direct GHG emissions.
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