Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the state to continue supplying fuel to consumers.

Philips 66, the massive oil company that operates across the United States, says that they will be closing their refiner in Wilmington next year after California Gov. Gavin Newsom signed a bill into law​ that looks at preventing gas prices from spiking.

According to the company, about 600 employees and 300 contractors operate the Los Angeles-area refinery. The refinery includes a crude-oil processing facility in Carson and a separate facility in Wilmington where the processed oil is finalized into “finished products.” The two facilities are linked by a roughly five-mile pipeline.