Par Pacific Fuels Hawaii's Future with Big Investment in Green Renewable Energy

United States: Par Pacific Holdings has revealed its ambitious plan to invest approximately $90 million to establish Hawaii's biggest liquid renewable fuels production site at its Kapolei refinery. This investment demonstrates Par Pacific Holdings' steadfast commitment towards renewable energy and sustainability. The project will leverage the expertise of the Kapolei refinery’s skilled team and available tank storage and logistics, as well as Hydrogen from the refinery’s current operations, a vital factor to produce low-Carbon renewable fuels.

The project is expected to cost less than $1.50 per gallon of annual operating capacity and is slated for commissioning in 2025. The facility's purpose is to generate sustainable aviation fuel with the aim of decarbonizing Hawaii's sizable air travel industry. Up to 60% of the unit's output will be sustainable aviation fuel, marking a crucial first step in the state’s transition towards renewable energy sources.

latest project is a significant achievement in sustainable fuels plan. To complement traditional fuel output in Hawaii, making renewable fuel a primary source of energy supply for today and beyond.

An approximate annual production of 61 million gallons of renewable fuels, including renewable Diesel, sustainable aviation fuel (“SAF”), renewable Naphtha, and Liquified Petroleum Gases (“LPGs”) is expected from the renewable fuel facility. The facility can shift the yield to over 90% renewable Diesel based on market conditions, which can also significantly lower greenhouse gas emissions while providing electricity and transportation fuels to consumers in Hawaii.

The state's ideal feedstock requirements put it in a favourable position to spur a major economic opportunity by establishing a market for oil seed crops grown locally. Simultaneously, Par Pacific has been granted approval from the U.S. Foreign-Trade Zone Board to utilize foreign-sourced vegetable oil to complement renewable feedstocks acquired locally.

Par Hawaii is collaborating with Pono Pacific, situated in Hawaii, regarding the cultivation of camelina crops to evaluate the viability of this oil seed crop for state production. Par Pacific, a leading energy company, has pledged to support Hawaii's agricultural sector in developing oilseed crops. The move aims to promote decarbonization of the local economy and reduce its Carbon footprint. Par Pacific's commitment to sustainable agriculture will not only benefit the environment but also support the growth of a more resilient local economy.

Par Pacific and Hawaiian Airlines, the largest air carrier in Hawaii, have announced a joint feasibility study aimed at finding ways to make sustainable aviation fuel commercially viable. This partnership marks a significant milestone in their shared efforts to produce renewable fuels on the island. The two companies have announced their plans to collaborate with stakeholders throughout the community to promote and implement policies that will facilitate the adoption of renewable fuels in Hawaii.

In addition to this initiative, Par Pacific has also expressed interest in evaluating projects that would further support Hawaii's decarbonization efforts by considering development opportunities at the former Chevron refinery location in Kapolei, close to its current operations.