CVI - Icahn's CVR Energy eyes sustainable aviation fuel production - Reuters

CVR Energy ([[CVI]] -4.3%) is exploring whether it can produce sustainable aviation fuel at its refineries, Reuters reports.The move would require some refinery reconfiguration to produce sustainable aviation fuel, which is produced in limited quantities during the process of making renewable diesel fuel, according to the report.CVR previously announced plans to produce renewable fuels at its Wynnewood refinery in Oklahoma and is exploring options to produce renewable diesel at its Coffeyville refinery in Kansas.Carl Icahn, who owns a controlling interest in CVR, told Bloomberg this week that he believes renewable fuels are here to stay and supports subsidies as part of an infrastructure bill.CVR, which recently announced a special dividend, "have scope to begin paying consistent dividends once operating conditions stabilize," Daniel Thurecht writes in a bullish analysis published recently on Seeking Alpha.

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Icahn's CVR Energy eyes sustainable aviation fuel production - Reuters