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PEOPLE
POWER
How Phillips 66 ’ s Value Chain Optimization is keeping pace in the evolving energy arena
Phillips 66 is excited about the future of energy and helping the world move forward . Guided by its core values of safety , honor and commitment , it works to meet the world ’ s energy needs , today and tomorrow . With a heritage of more than 140 years , it is a diversified energy company , processing , transporting , storing and marketing fuels and products globally . Its value chain positions the company well to play a leading role in the energy industry . Tim Seidel , VP Value Chain Optimization , is tasked with leading a team that maximizes opportunities across Phillips 66 ’ s integrated system . He talks us through a busy year since we last spoke .
“ Coming out of the pandemic , product demand started to pick up ,” begins Tim . “ During the second half of 2022 , we were presented with some unique opportunities . We were running low on global inventories for gasoline , jet fuel and diesel and while we had planned outages for that period , the situation necessitated that we determine whether the maintenance could be deferred to the spring to prevent regional fuel outages .
“ It ’ s crucial to ensure that kit and equipment are well-maintained and particularly if a plant is going to run six months longer than scheduled . Deferring outages is not as straightforward as you might imagine . It takes considerable
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