MARKET BIT
Details
🌱 Green fueling station in the Pacific: Par Pacific, Mitsubishi & Nippon Oil are investing $100 million in the “Hawaii Renewables” joint venture to produce renewable diesel and Sustainable Aviation Fuel (SAF) in Kapolei, Hawaii.
🔧 Retrofit, not new build: The partners are cost-effectively converting Hawaii’s only refinery site—production is set to begin in 2025.
✈️ SAF focus: Capacity of 61 million gallons per year, of which up to 60 % can be SAF for the flight-heavy island state.
🌊 Pacific network: Par Pacific provides infrastructure; Mitsubishi contributes global feedstocks and the Long Beach terminal; Nippon Oil offers trading expertise in the Asia-Pacific
Why It Matters
Climate benefits for islands: Green fuel cuts Hawaii’s transport emissions drastically and boosts energy independence.
Blueprint for other refineries: The capital-efficient retrofit model could be scaled to other US sites quickly.
Stronger trans-Pacific trade: The collaboration links US and Japanese energy supply chains and opens new markets for sustainable fuels.
👉🏻 Full story: Nikkei, Pacific Business News
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