2023-04-27 18:01:14 ET
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Par Pacific ( NYSE: PARR ) plans to invest about $90 million to develop a production facility for liquid renewable fuels at its Kapolei refinery in Hawaii, the company said on Thursday.
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The completed facility is expected to produce ~61 million gallons per year of renewable diesel, sustainable aviation fuel, renewable naphtha and LPGs.
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The company said it is also is looking for development opportunities at the former Chevron refinery location in Kapolei, near its current operations, including projects that would help decarbonize Hawaii's electrical grid.
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Par Pacific to put $90M in Hawaii for a renewable fuels facility