Loading ...California oil refinery announces closure after Newsom signs more regulations
Phillips 66 to close Los Angeles-area oil refinery by end of 2025
The announcement comes days after California Gov. Gavin Newsom signed a new law on Monday that will set new regulations on the oil industry in the Golden State.
The company’s Los Angeles-area refinery accounts for about 8% of the state’s refining capacity, according to the California Energy Commission.
The oil company estimates that approximately 600 employees and 300 contractors currently operate the Los Angeles-area refinery.