{"id":725543,"date":"2023-01-24T16:50:33","date_gmt":"2023-01-24T21:50:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/phillips-66-achieves-iscc-plus-certification-to-turn-oil-from-waste-plastics-into-feedstocks-at-its-sweeny-refinery\/"},"modified":"2023-01-24T16:50:33","modified_gmt":"2023-01-24T21:50:33","slug":"phillips-66-achieves-iscc-plus-certification-to-turn-oil-from-waste-plastics-into-feedstocks-at-its-sweeny-refinery","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/phillips-66-achieves-iscc-plus-certification-to-turn-oil-from-waste-plastics-into-feedstocks-at-its-sweeny-refinery\/","title":{"rendered":"Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery<\/b><\/p>\n<p class=\"bwalignc\"><i>Texas refinery meets standards to process pyrolysis oil from hard-to-recycle waste plastics into sustainable feedstocks<\/i><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPhillips 66 (NYSE: PSX) today announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.\n<\/p>\n<p>\n\u201cPhillips 66 is committed to keeping plastics out of the environment and driving toward a more circular economy where plastics packaging is reused, recycled or recovered,\u201d said Zhanna Golodryga, Executive Vice President of Emerging Energy and Sustainability at Phillips 66. \u201cThe ISCC PLUS certification highlights the company\u2019s resolve to create sustainable streams for waste materials and to support the growth of advanced recycling in plastics.\u201d\n<\/p>\n<p>\nISCC is a globally applicable and industry recognized sustainability certification system that covers all sustainable feedstocks, including circular feedstocks produced from plastic waste. Its ISCC PLUS certificate covers bio-based and recycled, or circular, raw materials.\n<\/p>\n<p>\nThe certification for the Sweeny Refinery is the latest example of how Phillips 66 is working to play a key role in building a lower-carbon future by capitalizing on its core competencies and integrated assets.\n<\/p>\n<p>\nThe ISCC PLUS certification verifies the refinery meets the standards to process pyrolysis oil made from hard-to-recycle waste plastics into circular ethane, circular propane, circular propylene and other sustainable feedstocks and petrochemical building blocks. The products will be used to support polymer producers \u2014 including Chevron Phillips Chemical Company LLC, Phillips 66\u2019s 50-50 joint venture \u2014 that are advancing a circular economy for plastics.\n<\/p>\n<p>\nChevron Phillips Chemical already produces Marlex<sup>\u00ae<\/sup> Anew\u2122 Circular Polyethylene at its Cedar Bayou complex in Baytown, Texas, and is targeting an annual production volume of 1 billion pounds of the circular polymer by 2030.\n<\/p>\n<p>\nSweeny Refinery, which is located in Old Ocean, Texas, on the Gulf Coast, is the second Phillips 66 refinery to achieve an ISCC PLUS certification and the first for the processing of waste plastic pyrolysis oil into circular feedstocks. Its Humber Refinery in the U.K. is ISCC PLUS certified to process used cooking oil, food waste and other circular feedstocks.\n<\/p>\n<p><b>About Phillips 66<\/b><\/p>\n<p>\nPhillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company\u2019s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.phillips66.com&amp;esheet=53290415&amp;newsitemid=20230124006069&amp;lan=en-US&amp;anchor=phillips66.com&amp;index=1&amp;md5=fb6b3768a5f9c002208da5cb2bf439a5\">phillips66.com<\/a> or follow @Phillips66Co on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fphillips66co&amp;esheet=53290415&amp;newsitemid=20230124006069&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=72aadd730ef34bd239884c5e2db89a01\">LinkedIn<\/a> or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FPhillips66Co&amp;esheet=53290415&amp;newsitemid=20230124006069&amp;lan=en-US&amp;anchor=Twitter&amp;index=3&amp;md5=714928d715a784241e7b25b1ca220d20\">Twitter<\/a>.\n<\/p>\n<p class=\"bwalignc\"><b><sup>PHILLIPS 66 CAUTIONARY STATEMENT FOR THE PURPOSE OF THE \u201cSAFE HARBOR\u201d PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995<\/sup><\/b><\/p>\n<p><i><sup>This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like \u201cplans,\u201d \u201cexpects,\u201d \u201cwill,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cintends,\u201d \u201cprojects,\u201d \u201ctargets,\u201d \u201cestimates\u201d or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized, and involve risks and uncertainties, many of which are beyond Phillips 66\u2019s control. A discussion of factors that may affect future results is included in Phillips 66\u2019s filings with the Securities and Exchange Commission. Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.<\/sup><\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230124006069r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230124006069\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230124006069\/en\/<\/a><\/span><\/p>\n<p>\nJeff Dietert (investors)<br \/>\n<br \/>832-765-2297<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jeff.dietert@p66.com\">jeff.dietert@p66.com<\/a><\/p>\n<p>\nOwen Simpson (investors)<br \/>\n<br \/>832-765-2297<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:owen.simpson@p66.com\">owen.simpson@p66.com<\/a><\/p>\n<p>\nThaddeus Herrick (media)<br \/>\n<br \/>855-841-2368<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:thaddeus.f.herrick@p66.com\">thaddeus.f.herrick@p66.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Professional Services Oil\/Gas Sustainability Alternative Energy Energy Other Manufacturing Environment Science Chemicals\/Plastics Finance Other Science Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230124006069\/en\/322073\/3\/Phillips_66.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery Texas refinery meets standards to process pyrolysis oil from hard-to-recycle waste plastics into sustainable feedstocks HOUSTON&#8211;(BUSINESS WIRE)&#8211; Phillips 66 (NYSE: PSX) today announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics. \u201cPhillips 66 is committed to keeping plastics out of the environment and driving toward a more circular economy where plastics packaging is reused, recycled or recovered,\u201d said Zhanna Golodryga, Executive Vice President of Emerging Energy and Sustainability at Phillips 66. \u201cThe ISCC PLUS certification highlights the company\u2019s resolve to create &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/phillips-66-achieves-iscc-plus-certification-to-turn-oil-from-waste-plastics-into-feedstocks-at-its-sweeny-refinery\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-725543","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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