🛢️Phillips 66 FTZ Notification for Renewable Fuels Production Activity
Foreign-Trade Zone (FTZ) 87, Notification of Proposed Production Activity; Phillips 66 Company; (Renewable Fuels); Lake Charles, Louisiana
Summary
Phillips 66 Company has submitted a notification to the Foreign-Trade Zones Board regarding proposed production activities for renewable fuels at its Lake Charles, Louisiana facility. The notification outlines specific foreign-status materials and finished products, inviting public comment and detailing the potential benefits from production under FTZ procedures.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The proposed production activity by Phillips 66 for renewable fuels within a Foreign-Trade Zone carries regulatory compliance requirements. This may offer tax incentives, duty exemptions, or reduced tariffs, enhancing financial viability for business owners in related sectors. The ability to comment and influence the proposed products’ authorization also invites active participation from stakeholders.