Sector News

Swedish refinery to convert to produce renewable fuels

November 6, 2020
Chemical Value Chain

PREEM’s refinery in Lysekil, Sweden, will be converted to produce renewable fuels.

Preem aims to convert the the Synsat diesel plant at the refinery to become Scandinavia’s largest producer of renewable fuels with a capacity of 650,000–950,000 m3/y of renewable diesel. Preem will submit an application to change its existing environmental permit before the end of the year, and investment decisions are expected in summer 2021. The plant is then expected to be operational in 2024.

Magnus Heimburg, CEO at Preem, said: “Focussing on renewable fuels is a cornerstone of Preem’s overall and long-term business strategy. The project is a central part of Preem’s goal to become the world’s first climate-neutral petroleum and biofuel company throughout the entire value chain by 2045, while maintaining our competitiveness.”

The plant will have a capacity to process up to 40% of renewable raw materials when completed. The conversion of the plant would also reduce emissions by 1.2–1.7m t/y of CO2 throughout the value chain.

The announcement comes after Preem cancelled its proposed Residue Oil Conversion Complex (ROCC) expansion project at Lysekil in September, saying that it would no longer be economical. The project would have resulted in an increase of CO2 emissions by up to 1m t/y, according to Greenpeace.

by Amanda Doyle

Source: thechemicalengineer.com

Related News

February 28, 2021

Borealis to invest in new RTO to reduce CO2 emissions at Porvoo polyolefins plant

Chemical Value Chain

This equipment will significantly lower the site’s CO2 emissions, reduce flaring and save around 60 gigawatt hours (GWh) energy each year. Project kick-off is in February 2021, with completion planned for 2023.

February 28, 2021

Grace to acquire Albemarle’s fine chemistry business for $570 million

Chemical Value Chain

The acquisition significantly strengthens and expands Grace’s existing pharma portfolio. Pharma & Consumer is the largest, fastest growing and most profitable subsegment within Grace’s Materials Technologies business.

February 28, 2021

Solvay to carve out soda ash business

Chemical Value Chain

Solvay says it has decided to organize its soda ash and derivatives business into a separate and fully controlled legal structure.

Send this to a friend