6 Mar 2025
🌍Proposed FTZ Production Activity for Phillips 66 in New Jersey
Foreign-Trade Zone (FTZ) 49, Notification of Proposed Production Activity; Phillips 66 Company; (Renewable Fuels); Linden, New Jersey
Summary
Phillips 66 has submitted a notification for proposed production activities related to renewable fuels at its Linden, NJ facility, located within Foreign-Trade Zone (FTZ) 49E. The proposal includes various products, such as Renewable Diesel and Sustainable Aviation Fuel, and invites public comments on the matter.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The text involves a proposed production activity under Foreign-Trade Zone (FTZ) regulations, impacting businesses involved in renewable fuels. Companies can benefit from reduced duties on foreign materials, making it economically advantageous. The opportunity for public comment also suggests engagement from stakeholders which could influence business operations.