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Phillips 66 is planning to fully convert its San Francisco Refinery in Rodeo, California from crude oil processing to renewable fuels.August 13, 2020, 11:44 AMPhillips 66 is planning to fully convert its San Francisco Refinery in Rodeo, California, from crude oil processing to renewable fuels, using feedstocks such as used cooking oil, fats, greases, and soybean oils. According to the company, once the plant is reconfigured, it would no longer be able to produce conventional petroleum fuels. If approved by Contra Costa County officials and the Bay Area Air Quality Management District, the refinery could produce as much as 680 million gallons of renewable diesel, renewable gasoline, and sustainable aviation fuel (SAF) a year. Combined with the production of renewable fuels from an existing project in development, the output could surpass 800 million gallons a year, making it the largest such facility in the world, with production slated to begin in 2024. The conversion will also slash the facility's greenhouse gas emissions by half. “This conversion is part of our response to the growing demand for high-quality, lower-carbon, cleaner-burning fuel, and increased interest in sustainable jet fuel,” said Lindsey Grant, the fuel provider’s manager for general aviation. “We are committed to supplying the products needed to satisfy consumer demand today and tomorrow.” Business Aviation

1 month, 2 weeks ago

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The IRS has released final regulations that spell out bonus depreciaton rules for most depreciable business assets, including business jets.September 28, 2020, 3:29 PMThe U.S. Internal Revenue Service (IRS) has released the last set of final regulations implementing the 100 percent additional first-year…

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Airports on the Cayman Islands remain closed to all but essential travel until October 1, 2020, the government announced. In a statement, the government noted that some airlines were marketing flights to the Cayman Islands and accepting future bookings, warning that no airlines had permission to operate…

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