Phillips 66 Renewable Diesel Running Above Nameplate Capacity

“Would it be fair to say year-over-year, you could see a material free cash flow inflection in your renewable diesel business?” — Manav Gupta, UBS Investment Bank Research

“Well, absolutely. Even if you just think about the RINs, Manav, the current blended RIN is more than twice what it was in 2025. So just a credit value alone. And we are running very, very will right now, in fact, above nameplate capacity.” — Brian Mandell, Phillips 66 (PSX) Executive Vice President of Marketing and Development

We are running very, very will right now, in fact, above nameplate capacity. — Brian Mandell, Phillips 66 (PSX) Executive Vice President of Marketing and Development

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On April 20, 2026, Hoekstra Trading released the 2nd quarterly issue of the “Hoekstra RIN Price Outlook”. Why not have a look under the hood?