US-headed independent diversified energy, manufacturing, and logistics major Phillips 66 Company (Phillips 66) has announced plans to convert its Alliance Refinery in Belle Chasse, Louisiana (LA), to a terminal facility. The conversion is expected to take place in 2022.
We made this decision after exploring several options and considering the investment needed to repair the refinery following Hurricane Ida. Alliance’s existing infrastructure and Gulf Coast location make it an attractive midstream asset. Phillips 66 will continue to be a major refiner with 12 facilities in the U.S. and Europe, said Greg Garland, Chairman, and CEO of Phillips 66.
The Alliance Refinery employs approximately 500 employees and 400 contractors.
Our decision was a difficult one, and we understand it has a profound impact on our employees, contractors, and the broader Belle Chasse community. We will work to help them through this transition and support them as Alliance takes on a new role in our portfolio, Greg Garland said.