In a strategic retreat from traditional fossil fuel operations, Phillips 66 has announced its decision to close its oil refinery in Wilmington, California, by the end of 2025. The move, described by Phillips 66 CEO Mark Lashier, aims to address market dynamics and the long-term "sustainability" of the facility. "We understand this decision has an impact on our employees, contractors and the broader community," Lashier stated, as reported by ABC7. The closure is set to affect approximately 600 employees and 300 contractors.
This announcement comes on the heels of legislative efforts by California Governor Gavin Newsom, who has recently signed a bill into law that mandates maintaining minimum fuel inventories to mitigate the risk of spiking gas prices. According to CBS News Los Angeles, Phillips 66 plans to continue supplying fuel markets and satisfy consumer demand through renewable diesel and sustainable aviation fuels from their Rodeo Renewable Energy Complex, alongside traditional fuel procurement strategies.
Local government representatives are seeking to alleviate the impact on workers and the community. Los Angeles City Councilman Tim McOsker called the closure "significant" and an opening for "exciting opportunities for new jobs, improved air quality, and innovative economic benefits," as per ABC7.
