Business View Magazine | May 2021

11 BUSINESS VIEW MAGAZINE MAY 2021 PHILLIPS 66 AND SOUTHWEST AIRLINES COLLABORATE TO ADVAN SUSTAINABLE AVIATION FUEL Companies sign memorandum of understanding to increase public awareness, pursue joint research and development and explore a supply agreement P hillips 66 and Southwest Airlines have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development. The memorandum of understanding also sets the framework to explore a future supply agreement involving Phillips 66’s Rodeo Renewed project in California and highlights the commitment by both companies to a sustainable energy future. Sustainable aviation fuel, or SAF, is a lower carbon-intensity fuel that can be produced from renewable feedstocks such as waste oils, fats, greases and vegetable oils. It is a drop-in fuel, meaning it can be used in existing aircraft engines and airport fuel infrastructure. “Phillips 66 has a long history of driving innovation in the commercial and general aviation industry,” said Brian Mandell, Executive Vice President of Marketing and Commercial for Phillips 66. “We are excited to work with Southwest Airlines to find ways to help achieve its lower-carbon goals and to develop a path OPENING L INES