Phillips 66 ordered to pay $800M penalty in California biofuel trade secrets case

20 hours ago 1
Phillips 66 Sign Against Sky

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Phillips 66 (NYSE:PSX) was ordered to pay $800M in damages to biofuel maker Propel Fuels for stealing trade secrets to build up its renewable fuel capabilities, Reuters reported Thursday, citing a California state court document.

The court in Alameda, California, told Phillips

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