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From Pellets to Carbon-Negative SAF

February 24, 2025

BY Anna Simet

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Par Pacific announces closing of Hawaii Renewables joint venture

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By Par Pacific Holdings Inc.

October 24, 2025

Sustainable Aviation Fuels Advanced Biofuels Business 

Par Pacific Holdings Inc. on Oct. 21 announced the successful closing of Hawaii Renewables LLC, a joint venture to construct a renewable fuels facility and produce renewable fuels at Par Pacific’s refinery in Kapolei, Hawaii.

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Airbus and the Cathay Group on Oct. 21 announced a joint investment of up to US$70 million to accelerate the development of sustainable aviation fuel (SAF) production in Asia and globally.

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Valero Energy Corp. on Oct. 23 released Q3 results, reporting a profitable three-month period for its ethanol segment on record high production. Valero’s renewable diesel segment, which also includes SAF, reported a loss for the quarter.

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Neste and United Airlines have expanded their existing partnership to supply SAF to three new major airports in the U.S., including George Bush Intercontinental Airport, Newark Liberty International Airport, and Dulles International Airport.

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Eni has announced plans to develop a 500,000-metric-ton-per-year biorefinery at its existing industrial site in Priolo, Sicily. The facility, which will produce renewable diesel and SAF, is expected to be operational in 2028.

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