Biofuels – Historic deal for Preem, Exporting self-produced renewable HVO to the Netherlands.
Sweden’s largest gas firm, Preem, started its transition to renewable manufacturing ten years in the past. Now, a historic deal has been finalized. A totally renewable HVO, produced on the Gothenburg refinery, has been exported for the primary time within the firm’s historical past, an necessary milestone on the corporate’s journey in direction of a climate-neutral worth chain by 2035.
Preem is at the moment present process the largest transition within the firm’s historical past. By restructuring manufacturing on the refineries in Lysekil and Gothenburg, the plan is to realize a manufacturing capability of two.5 million cubic meters of renewable gas by 2027, adopted by a subsequent doubling of capability by 2035. The first focus is on phasing out fossil fuels and changing them with renewable aviation gas (SAF) and biofuels tailored for street transport (HVO).
The absolutely renewable HVO, which is produced on the refinery in Gothenburg, stands out as a singular product with wonderful refrigeration properties, making it significantly well-suited for the winter local weather within the Nordic area and northern Europe.
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Moreover, it’s produced from residual feedstock, freed from palm oil and PFAD, producing appreciable curiosity because the preliminary load of self-produced HVO100 was ready for market launch. The customer of 9000 m3 of absolutely renewable HVO was Shell in the Netherlands.
Eric Westerholm, Head of Buying and selling mentioned:
It feels unbelievable to conclude the 12 months with this deal.
“We’re proud to supply a singular product that draws substantial curiosity, not least in Europe. Few opponents can match the standard of our product”.
Preem’s GHT plant in Gothenburg is already ISCC licensed as a devoted HVO plant, enabling the promote of HVO100 on a European market. Whereas Preem has beforehand been a substantial HVO importer, the rising manufacturing of renewable gas is creating new gross sales alternatives.
– “The demand for such a product is excessive throughout Europe. This sale marks a big shift for Preem, transitioning from an importer to an exporter of HVO. It represents a optimistic milestone in our journey in direction of a climate-neutral worth chain”, says Eric Westerholm.
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Historic deal for Preem: Exporting self-produced renewable HVO to the Netherlands, STOCKHOLM, Sweden, Dec. 20, 2023
