NYSE:PSXOil and Gas
Phillips 66 (PSX) Teams With Kanin Energy On 7 Megawatt Power Project
Phillips 66 (NYSE:PSX) plans a 7-megawatt waste heat to power facility at its Mewbourn complex in partnership with Kanin Energy.
The project is designed to use waste heat from existing operations to generate electricity on site.
Kanin Energy is expected to provide a turnkey solution, limiting upfront capital requirements for Phillips 66.
The facility is intended to help reduce greenhouse gas emissions and power costs at the Mewbourn complex.
For investors tracking Phillips 66, this new...