Phillips 66 announced Wednesday it will close its Los Angeles-area refinery next year, citing uncertainty about the future “sustainability” of the facility.
“We understand this decision has an impact on our employees, contractors and the broader community,” Mark Lashier, chairman and CEO of Phillips 66, said in a statement. “We will work to help and support them through this transition.”
According to the company, about 600 employees and 300 contractors operate the Los Angeles-area refinery.