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.

The factory accounts for about eight percent of California's refining capacity, while its closure will affect 900 jobs.