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Who We Are

Learn about our History & Values

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Our Vision and Values

At Phibro RenewOil, our mission is to transform the perception of used cooking oil from a waste product to a valuable resource.

Our goal is to facilitate the conversion of used cooking oil into biofuels. By promoting this recycling effort, we aim to reduce harmful emissions, lessen environmental impact, and contribute to a more sustainable future.

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Our Core Values:

  1. Environmental Responsibility: We are committed to protecting the environment by preventing used cooking oil from being poured down drains and ending up in waterways, where it can harm aquatic wildlife and ecosystems.

  2. Sustainability: We believe in the power of recycling to create a cleaner, more sustainable future. By converting used cooking oil into biofuels, we contribute to reducing carbon emissions and mitigating climate change.

  3. Community Impact: We strive to make a positive impact on our community by providing an essential service that supports environmental conservation efforts and promotes cleaner energy solutions.

  4. Integrity: We conduct our business with honesty, transparency, and integrity, ensuring that our customers can trust us to fulfill our commitments and operate ethically in all aspects of our operations.

  5. Innovation: We are continuously exploring new technologies and approaches to improve the efficiency and effectiveness of our used cooking oil recycling processes, driving innovation in the renewable energy sector.

black and white image of the phibro office in oruro boliva office in 1928

Our History

From its humble origins in Hamburg, Germany through its first incorporation and opening of Philipp Brothers London in 1909, Phibro (as it became known) expanded rapidly. The business established itself as the prototypical London commodities trading house and developed a flexible and entrepreneurial business model that evolved to capitalize on the opportunities that existed at the time. 

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Phibro was an early pioneer in the development of liquidity and price transparency of the global commodities markets. Recognized as such, in 1942, the US government retained Phibro to assist it in the acquisition and development of a strategic metals reserve. In the early years, the majority of Phibro's activity involved the trading, marketing, and processing of metal ores and concentrates.  

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Phibro also expanded aggressively into other products including oil, refined products, chemicals, and fertilizer. The firm subsequently developed a related asset strategy designed to strengthen its increasingly important role as the world's largest commodities trading company.

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  • 1901: Founded by Julius Philipp in Hamburg, Germany  

  • 1909: Julius and Oscar Philipp open the London office at 118 Leadenhall Street

  • 1915: Philipp Brothers open NY office at 29 Broadway

  • 1942: Retained by the US government to assist in the acquisition and development of strategic mineral reserve

  • 1960: Philipp Brothers merged with Minerals and Chemicals Corporation of America (MCCA) and becomes publicly traded

  • 1967: Philipp Brothers/MCCA merged with Engelhard Minerals and Chemicals (EMC)

  • 1969: Anglo American purchases a controlling interest in EMC

  • 1981: Phibro acquired Salomon Brothers for $550MM

  • 1988: Phibro becomes the largest independent oil refiner in the US

  • 1998: Through the Citigroup / Travellers Merger, Phibro became the commodity trading subsidiary of Citigroup

  • 2009: Phibro is sold to Occidential Petroleum

  • 2016: Phibro LLC was acquired by Energy Arbitrage Partners (EAP).  

  • Today: visit phibro.com for more information

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