The US independent refiner Phillips 66 has announced its plans to cease operations at its 139,000 bbl/d Los Angeles refinery in California (United States) by the end of 2025. Citing uncertain long-term sustainability of the facility and the current market dynamics, the company expects to shut down its refinery, which currently produces 85 kb/d of gasoline and 65 kb/d of diesel and jet fuel.
The company had previously converted its Rodeo refinery, also located in California, to produce renewable diesel from fats, vegetable oils and greases and is now discussing the future use of the Los Angeles refinery with real estate developers.
The US local government of California has recently approved new requirements for refiners, including the need to maintain minimum gasoline inventories and to have a plan to prevent shortages during maintenance outages. California is geographically isolated from US Gulf Coast and Midwest refining centers and must produce all its own motor fuels or import them from Asia.