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Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility

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Phillips 66 has partnered with NextEra Energy Resources to build a 30.2 MW solar facility that will power the Rodeo Renewable Energy Complex. The facility will reduce grid power demand by 50% and avoid approximately 33,000 metric tons of CO2 emissions annually starting Q1 2025.

The solar installation, spanning 88 acres and featuring over 70,000 solar modules, will generate about 60,000 MWh/year of electricity, equivalent to powering 23,000 electric vehicles annually. The project has created 130 local union construction jobs.

The Rodeo Complex, which produces renewable diesel and sustainable aviation fuel from lower-carbon feedstocks, reached full processing capacity of 50,000 BPD in June after transitioning to renewable feedstocks in March.

Phillips 66 ha stretto una partnership con NextEra Energy Resources per costruire un impianto solare da 30,2 MW che alimenterà il Rodeo Renewable Energy Complex. Questo impianto ridurrà la domanda di energia dalla rete del 50% e eviterà circa 33.000 tonnellate metriche di emissioni di CO2 ogni anno a partire dal primo trimestre del 2025.

L'installazione solare, che si estende su 88 acri e include oltre 70.000 moduli solari, genererà circa 60.000 MWh/anno di elettricità, equivalente ad alimentare 23.000 veicoli elettrici all'anno. Il progetto ha creato 130 posti di lavoro per costruttori locali affiliati a sindacati.

Il Complesso Rodeo, che produce diesel rinnovabile e carburante sostenibile per aviazione da materie prime a basso carbonio, ha raggiunto la piena capacità di lavorazione di 50.000 BPD a giugno dopo la transizione verso materie prime rinnovabili a marzo.

Phillips 66 se ha asociado con NextEra Energy Resources para construir una instalación solar de 30,2 MW que alimentará el Rodeo Renewable Energy Complex. La instalación reducirá la demanda de energía de la red en un 50% y evitará aproximadamente 33,000 toneladas métricas de emisiones de CO2 anualmente a partir del primer trimestre de 2025.

La instalación solar, que abarca 88 acres y cuenta con más de 70,000 módulos solares, generará alrededor de 60,000 MWh/año de electricidad, equivalente a la energía necesaria para 23,000 vehículos eléctricos anualmente. El proyecto ha creado 130 empleos locales en construcción sindicalizada.

El Complejo Rodeo, que produce diésel renovable y combustible sostenible para aviación a partir de materias primas de menor carbono, alcanzó su capacidad plena de procesamiento de 50,000 BPD en junio, tras la transición a materias primas renovables en marzo.

필립스 66넥스트에라 에너지 리소스와 협력하여 로데오 재생 에너지 단지에 전력을 공급할 30.2 MW 태양광 시설을 건설하고 있습니다. 이 시설은 2025년 1분기부터 50%의 전력망 수요를 줄이고 매년 약 33,000 톤의 CO2 배출을 피할 것입니다.

88에이커에 걸쳐 70,000개 이상의 태양광 모듈을 갖춘 이 태양광 시설은 연간 약 60,000 MWh의 전기를 생성하여 연간 23,000대의 전기차에 전력을 공급할 수 있습니다. 이 프로젝트는 130개의 지역 조합 건설 일자리를 창출했습니다.

로데오 단지는 저탄소 원료로부터 재생 가능한 디젤 및 지속 가능한 항공 연료를 생산하며, 3월에 재생 가능한 원료로 전환한 후 6월에 50,000 BPD의 가공 능력에 도달했습니다.

Phillips 66 s'est associé à NextEra Energy Resources pour construire une installation solaire de 30,2 MW qui alimentera le Rodeo Renewable Energy Complex. Cette installation réduira la demande en électricité du réseau de 50 % et évitera environ 33 000 tonnes métriques d'émissions de CO2 par an à partir du premier trimestre 2025.

L'installation solaire, s'étendant sur 88 acres et comprenant plus de 70 000 modules solaires, générera environ 60 000 MWh/an d'électricité, ce qui équivaut à alimenter 23 000 véhicules électriques par an. Ce projet a créé 130 emplois locaux dans la construction syndicale.

Le complexe Rodeo, qui produit du diesel renouvelable et du carburant aérien durable à partir de matières premières à faible teneur en carbone, a atteint sa capacité de traitement maximale de 50 000 BPD en juin après être passé à des matières premières renouvelables en mars.

Phillips 66 hat eine Partnerschaft mit NextEra Energy Resources geschlossen, um eine 30,2 MW Solar-Anlage zu bauen, die den Rodeo Renewable Energy Complex mit Strom versorgen wird. Die Anlage wird die Stromnachfrage um 50% senken und jährlich etwa 33.000 metrische Tonnen CO2-Emissionen ab 2025 im ersten Quartal vermeiden.

Die Solarinstallation erstreckt sich über 88 Acres und umfasst über 70.000 Solarmodule, die jährlich etwa 60.000 MWh Strom erzeugen werden, was dem Strombedarf von 23.000 Elektrofahrzeugen jährlich entspricht. Das Projekt hat 130 lokale Gewerkschaftsbauarbeitsplätze geschaffen.

Der Rodeo-Komplex, der aus kohlenstoffärmeren Rohstoffen erneuerbaren Diesel und nachhaltigen Flugkraftstoff produziert, erreichte im Juni nach der Umstellung auf erneuerbare Rohstoffe im März die vollständige Verarbeitungskapazität von 50.000 BPD.

Positive
  • 50% reduction in grid power demand through solar implementation
  • 33,000 metric tons annual CO2 emissions reduction expected
  • Facility reached full processing capacity of 50,000 BPD in June
  • Creation of 130 local construction jobs
  • 60,000 MWh/year of electricity generation capacity
Negative
  • None.

Insights

This strategic solar project represents a significant step in Phillips 66's transition to cleaner energy operations. The 30.2 MW solar facility will supply 50% of the Rodeo complex's power needs, making it one of the largest dedicated on-site solar installations in the U.S. The facility's expected annual generation of 60,000 MWh demonstrates a substantial commitment to reducing operational costs and carbon footprint.

The partnership with NextEra Energy Resources, a leading renewable energy developer, brings valuable expertise and capital efficiency to the project. The integration with the Rodeo Renewable Energy Complex, which already processes 50,000 BPD of renewable feedstock, creates a synergistic renewable energy ecosystem. This positions Phillips 66 advantageously in the growing renewable fuels market while potentially reducing exposure to future carbon pricing risks.

The project's environmental benefits are substantial and quantifiable. The anticipated reduction of 33,000 metric tons of CO2 emissions annually represents meaningful progress in industrial decarbonization. The solar facility's water-free operation is particularly noteworthy in the drought-prone California region, demonstrating responsible resource management.

The complex's focus on lower-carbon intensity feedstocks like used cooking oil and vegetable oils, combined with this solar power integration, creates a compelling environmental narrative. This dual approach to emissions reduction - both in feedstock selection and operational power sourcing - positions Phillips 66 as a leader in sustainable fuel production, potentially attracting environmentally conscious customers and investors.

HOUSTON--(BUSINESS WIRE)-- Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW) solar facility.

The solar facility will reduce the complex’s grid power demand by 50% and is expected to avoid approximately 33,000 metric tons a year of carbon dioxide emissions beginning in the first quarter of 2025.* The project is one of the largest on-site dedicated solar facilities in the U.S.

“We are excited to collaborate with NextEra Energy Resources on a project that aligns with our mission of providing energy and improving lives,” said Zhanna Golodryga, executive vice president of Emerging Energy and Sustainability for Phillips 66. “This solar facility not only underscores our commitment to advancing a lower-carbon future but also enhances our energy infrastructure.”

The solar facility, owned and operated by NextEra Energy Resources, will be situated on approximately 88 acres of land owned by Phillips 66. The facility is adjacent to the Rodeo Renewable Energy Complex and will consist of more than 70,000 solar modules that will support the renewable fuels complex. The solar facility is designed to generate approximately 60,000 MWh/year of electricity, equivalent to the electricity required to power more than 23,000 electric vehicles per year.

“We are thrilled to collaborate with Phillips 66 on the Rodeo solar facility, which exemplifies our commitment to developing custom solutions to meet our customers’ growing energy needs at the speed they require,” said Rebecca Kujawa, president & CEO of NextEra Energy Resources. “This project will not only benefit Phillips 66’s operations and the customers who rely on its renewable fuels but also demonstrates how renewable energy can integrate seamlessly into industrial operations.”

The solar facility will not use water to generate electricity. The joint project has created approximately 130 construction jobs, which were filled by local union labor.

Located in the San Francisco Bay Area, the Rodeo Renewable Energy Complex produces renewable fuels such as renewable diesel and sustainable aviation fuel. The facility uses lower-carbon intensity feedstocks, including used cooking oil, fats, greases and vegetable oil. Its geographic location, unique processing infrastructure and flexible transportation logistics make it a world-class supplier of renewable fuels, which have lower life-cycle carbon emissions than conventional fuels.

Phillips 66 announced the Rodeo Renewed project in 2020, making a final investment decision to move forward on it in 2022. The complex began processing only renewable feedstocks in March, achieving full processing capacity of 50,000 barrels per day (BPD) of renewable feedstock in June.

*Calculation is based on the EPA’s AVoided Emissions and geneRation Tool (AVERT).

About Phillips 66

Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

About NextEra Energy Resources

NextEra Energy Resources, LLC (together with its affiliated entities, “NextEra Energy Resources”) is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 30,600 megawatts of total net generating capacity, primarily in 41 states and Canada as of year-end 2023. NextEra Energy Resources is the world’s largest generator of renewable energy from the wind and sun, and a world leader in battery storage. The business operates clean, emissions-free nuclear power generation facilities in New Hampshire and Wisconsin as part of the NextEra Energy nuclear fleet. NextEra Energy Resources offers a wide range of clean energy solutions to help businesses and customers across the country meet their emissions reduction goals. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit: www.NextEraEnergyResources.com.

Jeff Dietert (investors)

832-765-2297

jeff.dietert@p66.com

Owen Simpson (investors)

832-765-2297

owen.simpson@p66.com

Thaddeus Herrick (media)

855-841-2368

thaddeus.f.herrick@p66.com

Source: Phillips 66

FAQ

What is the capacity of Phillips 66's (PSX) new solar facility at Rodeo Complex?

The solar facility has a capacity of 30.2 megawatts (MW) and will generate approximately 60,000 MWh/year of electricity.

When will Phillips 66's (PSX) Rodeo solar facility begin reducing carbon emissions?

The solar facility is expected to begin reducing carbon dioxide emissions in the first quarter of 2025, avoiding approximately 33,000 metric tons annually.

How many solar modules will Phillips 66's (PSX) Rodeo facility contain?

The Rodeo solar facility will consist of more than 70,000 solar modules spread across approximately 88 acres of land.

What is the current processing capacity of Phillips 66's (PSX) Rodeo Renewable Energy Complex?

The Rodeo Renewable Energy Complex achieved full processing capacity of 50,000 barrels per day (BPD) of renewable feedstock in June.

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