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Exploring New Opportunities
Our focus is on commercializing and implementing emerging energy technology within Phillips 66’s operations and portfolio of assets.
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Renewable Fuels
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.
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Batteries
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.
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Carbon Capture
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.
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Hydrogen
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.