Renewable fuel retailer sues Phillips 66, alleging theft of trade secrets

Sacramento, California-based renewable fuel retailer Propel Fuels Inc. has filed suit against Houston-based Phillips 66 (NYSE: PSX), alleging that the oil giant misappropriated Propel’s trade secrets during due diligence for an acquisition that never occurred.

Meanwhile, Phillips 66 last week decided to move ahead with the conversion of its current petroleum refinery in Rodeo, California, into the world’s largest renewable fuel refinery at a cost of $850 million and a completion date in the first…


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