Phillips 66, Renewable Energy Group Withdraw Renewable Diesel Project in Washington State
January 21 2020 - 9:14AM
Dow Jones News
By Michael Dabaie
Phillips 66 (PSX) and Renewable Energy Group Inc. (REGI) said
they discontinuing their joint effort to construct a large-scale
renewable diesel plant in Ferndale, Washington.
The companies said the project was canceled due to permitting
delays and uncertainties.
The companies said the 250 million gallon per year project was
unveiled in the fall of 2018.
"While we believe the Ferndale Refinery is a strategic fit for
this renewable diesel project, permitting uncertainties were
leading to delays and higher costs," said Robert Herman, Phillips
66 executive vice president of refining.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 21, 2020 08:59 ET (13:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Renewable Energy (NASDAQ:REGI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Renewable Energy (NASDAQ:REGI)
Historical Stock Chart
From Apr 2023 to Apr 2024
