Around the world, energy companies are looking to transition away from fossil fuels towards renewable sources. The same is true of St1. Our traditional refinery is in the middle of a transformation and while many refineries around the world are closing, we are instead scaling up and preparing for the future. We are taking the next big step toward starting a large-scale production of renewable fuels.
We have made our biggest investment ever in the Green Processing Unit (GPU). The biorefinery will have an annual capacity of 200,000 tonnes of renewable fuels production and is expected to commence its operations in 2023. It is designed to optimize production of renewable diesel and sustainable aviation fuel. In addition, we have been studying the possibility to use our existing infrastructure and technologies to co-process fossil fuels and renewable raw materials.
“We are scouting the opportunities and driving projects in transforming the refinery into renewable production and to the gradual phaseout of the fossil feedstock. We believe that an efficient way for the transformation is to utilize the existing refinery infrastructure and invest in mature technologies,” says Oskar Bengtsson, head of strategic projects on St1 refinery.
Crucial to the successful transformation of the refinery is to attract people with the right competencies to participate in the transformation journey but also to find other mature technologies to invest in. The research and development aid is not only focused on using renewable feedstock but also on using CO2 as feedstock in power-to-X solutions, providing more energy-efficient solutions to produce synthetic fuels.
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