Exploring New Opportunities
Our focus is on commercializing and implementing emerging energy technology within Phillips 66’s operations and portfolio of assets.
Renewable fuels like renewable diesel, sustainable aviation fuel, renewable natural gas and renewable naphtha are a natural extension of Phillips 66’s current business and allow us to build on core adjacencies to become a market leader.
Phillips 66 is a leading global manufacturer of specialty coke, a precursor to synthetic graphite used in battery production. The company has a key role to play in developing the battery value chain in the U.S. and Europe.
Carbon capture is the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere. Carbon Capture Utilization and Sequestration (CCUS) provides a great opportunity for Phillips 66 to thrive in a lower-carbon future.
Phillips 66 owns extensive hydrogen-related infrastructure and uses hydrogen in the manufacturing of transportation fuels. As a low-emission energy carrier and fuel, hydrogen will help decarbonize hard-to-electrify sectors like heavy industry, including multiple processes within refining.
The Carbon Capture Process, Explained
At Phillips 66, we believe Carbon Capture and Storage is one way we can make a lower-carbon energy future a reality.
As you will see in the video, carbon dioxide is captured and bound along with other gases created in our energy-making process. Once isolated, heat releases the carbon dioxide from the capture process. The carbon dioxide is compressed and transported to a site where it is securely stored thousands of feet underground beneath impermeable layers of rock.