Golodryga sees meaningful and pragmatic role in emerging energy for Phillips 66

Phillips 66 is poised to be a leader in the energy future, meeting the growing demand for energy while achieving sustainability targets, Phillips 66 Executive Vice President of Emerging Energy and Sustainability Zhanna Golodryga said at the Reuters Global Energy Transition 2024 conference in New York City.

The conference coincided with the company’s announcement that production of renewable fuels at its Rodeo Renewable Energy Complex in California had reached full capacity of approximately 50,000 barrels per day, a significant milestone.

Rodeo is an example of how the company is leveraging existing assets to produce renewable diesel and sustainable aviation fuel, or SAF, creating long-term value for shareholders while contributing to GHG emissions reductions targets, Golodryga said.

“Phillips 66 continually incorporates learnings from our existing operations to further improve our decision making,” said Golodryga. “For example, our Humber Refinery in the U.K. was the first to produce SAF since 2017 and is primary supplier of SAF to British Airways.”

Golodryga also outlined the company’s “five rights” approach for its Emerging Energy organization, a framework that underscores Phillips 66’s commitment to making informed, meaningful business decisions.

“We pursue opportunities where we have a competitive advantage with the right returns, technology, regulatory environment, partnerships and timing,” she said. “This is our criteria that guides our pragmatic approach.”

Phillips 66 also has a strong competitive position in specialty coke, which is used in graphite electrode for steel manufacturing and in battery anodes. The company is also expanding its presence in the EV charging space and further evolving lower carbon energy hubs, such as using solar to power its manufacturing processes.

Critical to the evolving energy landscape is permitting reform, Golodryga said, as well as collaboration. 

“We cannot do it alone,” she said. “Partnering with other companies, technology providers, regulatory bodies, and leveraging our collective strengths is essential to moving forward.”

Photo above (from left to right): Marc Chabot, WSP chief global client officer; Zhanna Golodryga, Phillips 66 EVP of emerging energy and sustainability; David Carroll, ENGIE chief renewables officer; Heather Polinsky, Arcadis president for resilience; and Bill Newsom, Mitsubishi Power Americas president and CEO.