CVR Vitality Inc. processed a document quantity of renewable feedstock at its Wynnewood refinery in Oklahoma in the course of the fourth quarter. The ability’s feedstock pretreatment unit is nearing mechanical completion and CVR is constant to guage the potential of producing sustainable aviation gasoline (SAF).
David Lamp, CEO of CVR Vitality, mentioned each the prevailing Wynnewood renewable diesel challenge and the potential for different renewable diesel and SAF initiatives throughout a 3rd quarter earnings name, held Oct. 31.
In accordance with Lamp, the Wynnewood renewable diesel unit processed almost 24 million gallons of vegetable oil feedstock in the course of the third quarter. Dane Neumann, chief monetary officer at CVR, stated whole renewables throughput for the fourth quarter is anticipated to be within the vary of 15 million gallons to twenty million gallons.
Building on the feedstock pretreatment unit on the Wynnewood facility is progressing effectively and anticipated to be mechanically full within the fourth quarter, Lamp stated. He additionally famous that CVR is constant to discover alternatives to switch the renewable diesel unit at Wynnewood to shift a portion of manufacturing from renewable diesel to SAF. That features persevering with discussions with varied events keen on securing an offtake of SAF, Lamp added.
Along with the Wynnewood renewables challenge, CVR can also be contemplating the event of a possible renewables challenge with an choice for SAF at its Coffeyville refining advanced in Kansas. In accordance with Lamp, CVR’s board not too long ago licensed spending for scope definition and an in depth value estimate, which can permit the corporate to have extra in-depth discussions with potential companions.
