Preem cancels refinery expansion plans in favor of renewables

In Sweden, Hydrocarbon Engineering reports that Preem has cancelled plans to expand refinery capacity at Lysekil intended for producing low sulfur petroleum products and will instead redirect the would-be investment towards expanding renewable fuel production. The company is already the country’s largest renewable fuel producer and aims to increase that position. It plans to submit an environmental permit application this fall to support that expansion. Preem is already expanding renewable diesel and sustainable aviation fuel at its refinery in Gothenburg.