Refining & Energy Awards Presented to Phillips 66, Reliance Industries
SAN ANTONIO, March 20, 2013 (GLOBE NEWSWIRE) -- Hart Energy today awarded its Refining & Energy Company of the Year honors to Phillips 66 and Reliance Industries, its national and international recipients, respectively. The two companies were recognized at Hart Energy's World Refining & FUEL conference, "Changing Feedstocks, Changing Fuels: Effects of Unconventionals on Economics, Refining and Fuels" in San Antonio.
"We commend the commitment by Phillips 66 and Reliance Industries to help meet the world's need for energy in a safe and environmentally responsible manner," said Liisa Kiuru-Griffith, executive director, International Fuel Quality Center, Hart Energy. "These two organizations exemplify the sort of effort required to reach our goals."
The two companies were recognized for their corporate achievement in three primary categories:
- Cleaner Environment: Producing cleaner, higher-quality gasoline and diesel fuel is among the greatest achievements recognized each year.
- Investment and Corporate Growth: Operating with the highest international refining standards and innovative use of resources in diverse environments.
- Vision: Innovation, global vision, and ability to chart future changes when a response to current conditions does not fully meet rising public demands or yield industry benefits.
"2012 was an outstanding year for Phillips 66," said Mike Kenney, vice president, regional manager-refineries, for Phillips 66, who accepted the award for the company. "We established Phillips 66 as an independent energy manufacturing company and we moved quickly to position our refineries to benefit from new sources of cost-advantaged crude and new markets for refined products. Most importantly, our employees achieved their lowest injury rate ever. This award reflects our employees' commitment to operating excellence and achieving the company's strategic objectives."
Reliance Industries Ltd is the largest private sector enterprise in India. It operates the world's biggest refinery and petrochemical complex in Jamnagar, India, with a nominal crude processing capacity of 1.24 million barrels per day. The refinery configuration is characterized by its superior product pattern and lowest energy consumption. Reliance's vision is to create value through sustainable development, enhance quality of life and transform India into a global hub for refinery and petrochemicals. K Balachandran, senior executive vice president & chief of operations, Jamnagar Refineries & Petrochemical Complex, accepted the award on behalf of Reliance Industries Ltd.
Previous winners include:
2011 IndianOil R &D / LyondellBasell
2010 PetroChina / Saudi Aramco
2009 Chevron Corp. / Pemex
2008 ConocoPhillips / Shell Oil
2007 Chevron Corp. / Marathon Petroleum Co.
2006 Petrobras / Suncor
2005 Reliance Industries / Premcor
2004 Petrobras / Sun / Irving Oil
2003 Royal Dutch/Shell / ConocoPhillips
2002 HOVENSA / Valero Energy Corp.
2000 Frontier Oil Corp.
1999 BP Plc.
1998 Tosco Corp.
1997 Diamond Shamrock
1996 Valero Refining
1995 ARCO Corp. / General Motors Co.
1994 Texaco, Inc.
1993 Ashland Oil, Inc.
1991 General Motors Co.
1990 ARCO Products Co.
1989 Sun Oil Co.
1988 ARCO Chemical Co.
1987 Amoco Oil Co.
About Phillips 66
Headquartered in Houston, Phillips 66 is an advantaged downstream energy company with segment-leading Refining and Marketing (R &M), Midstream and Chemicals businesses. The company has approximately 13,500 employees worldwide. Phillips 66's R &M operations include 15 refineries with a net crude oil capacity of 2.2 million barrels per day, 10,000 owned or supplied branded marketing outlets, and 15,000 miles of pipeline systems. Phillips 66's Midstream segment includes its 50 percent interest in DCP Midstream, LLC, one of the largest natural gas gatherers and processors in the United States, with 7.2 billion cubic feet per day of gross natural gas processing capacity. Phillips 66's Chemicals business is conducted through its 50 percent interest in Chevron Phillips Chemical Company LLC, one of the world's top producers of olefins and polyolefins with more than 30 billion pounds of net annual chemicals processing capacity across its product lines. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
About Reliance Industries
Reliance Industries Limited (RIL) is India's largest private sector company as of March 31, 2012. RIL is the first private sector company from India to feature in Fortune's Global 500 list of 'World's Largest Corporations' and 'World's Top 100 Companies,' ranking 99th in terms of revenues and 130th in terms of profits in 2012. RIL ranks 68th in the Financial Times' FT Global 500 list of the world's largest companies. RIL is ranked amongst the '50 Most Innovative Companies - 2010' in the world in a survey conducted by the U.S. financial publication - Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest 'Sustainable Value Creators' for creating the most shareholder value over the decade in the world.
About Hart Energy
Hart Energy, a leading information provider to energy executives, serves automotive businesses with its fuels consulting services — the International Fuel Quality Center, the Global Biofuels Center, and an annual Crude, Refining & Clean Transportation Fuel Outlook. Headquartered in Houston, with personnel in Washington, Brussels, Singapore, and beyond, its market-leading publications include Oil and Gas Investor, E &P, FUEL and Midstream Business. Hart Energy boasts exceptional strength in unconventional resources, e.g., its Developing Unconventionals (DUG™) conference series and its North American Shale Quarterly data service. The Company also provides fuel market newsletters, member-only web portals, mapping, and GIS data sets. Visit www.hartenergy.com for more information.
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Source: HART Energy