Could Phillips 66's Efficiency Push with Kanin Partnership and FTZ Status Reframe the PSX Margin Story?

Kanin Energy has announced and begun planning a 7‑megawatt waste heat to power facility at Phillips 66’s Mewbourn gas processing complex in Colorado, which will convert turbine waste heat into lower‑emissions power for on‑site use without requiring upfront capital from Phillips 66.

This project, alongside the newly approved Foreign-Trade Zone subzone status for Phillips 66’s Billings, Montana operations, underscores the company’s efforts to cut operating costs and improve efficiency through...