In Illinois, Honeywell announced that a CVR Energy, Inc. subsidiary has selected Honeywell UOP Ecofining technology to study conversion of seed oils, tallow and white/yellow greases into renewable diesel fuel at its facility in Coffeyville, Kansas. CVR Energy is currently evaluating the conversion of an existing hydroprocessing unit at the plant to a single-stage Ecofining […]
In New York, Reuters reports that U.S. merchant refiners have amassed up to a $1.6 billion shortfall in credits they need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall. Some […]
In Texas, Bloomberg reports CVR Energy is looking to include SAF production as part of its transition to renewable fuels at some of its oil refineries. The company’s CEO said that he supports subsidies for renewable fuels, such as the $2 per gallon subsidy proposed in Congress last week for SAF. Although the subsidy would […]
In Denmark, a CVR Energy, Inc.’s subsidiary has selected Haldor Topsoe’s HydroFlex technology for its revamp of the Oklahoma refinery to renewable diesel production. Construction has already begun on the $110 million project that will see 100 million gallons of renewable diesel production annually starting from July 2021. The project will convert an existing hydrocracker […]
In Texas, CVR Energy has received full approval from the Company’s Board of Directors for its Wynnewood renewable diesel project, which will convert the refinery’s hydrocracker unit for renewable diesel service. Upon completion, which is expected in mid-2021, the Wynnewood refinery should have the capability to produce nearly 100 million gallons of renewable diesel per […]
In Kansas, Reuters reports CVR Energy is jumping onto the renewable diesel bandwagon like many other refiners, exploring the possibility to produce the fuel at its Coffeyville refinery if production at its Wynnewood, Oklahoma refinery is successful. The Coffeyville facility has excess hydrogen capacity which could be retrofitted to produce renewable diesel. The Wynnewood retrofit […]
In Oklahoma, Platts reports CVR Energy is looking to begin renewable diesel production at its Wynnewood refinery. Earlier, the company said it was looking at the possibility, following in the footsteps of other refiners who have added RD production capacity. Engineering studies have already been commissioned for the proposed $100 million facility that would produce […]
In Pennsylvania, Reuters reports that CVR Energy is looking to convert some of its refining capacity to renewable diesel production. The company has claimed that its RIN exposure has negatively impacted its bottom line, so by producing renewable diesel it would reduce that exposure that was $19 million in Q1 2020, $6 million higher than […]
In Washington, Bloomberg reports that an SEC filing by Carl Icahn’s CVR Energy shows the company saved $189 million in RIN compliance costs last year on the back of extensive lobbying he did with the President to get the Renewable Fuels Standard changed to reduce RIN costs for small refiners. RIN prices have tumbled in […]
In New York state, Reuters reports that CVR Energy has cut its RIN short position to $127 million as of the end of Q3 from $280 at the end of Q2. With corn states so far winning the Renewable Fuel Standard battle against oil refiners, the Environmental Protection Agency has been forced to back down […]
