Tag: petrochemical

HOUSTON and TOKYO, July 21, 2025 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (including its subsidiaries and affiliates, “Par Pacific”), Mitsubishi Corporation (“Mitsubishi”), and ENEOS Corporation ("ENEOS”) today announced the signing of definitive agreements to establish Hawaii Renewables, LLC (“Hawaii Renewables”), a joint venture to produce renewable fuels at Par Pacific’s refinery in Kapolei Hawaii. Mitsubishi and ENEOS will form Alohi Renewable Energy, LLC, which will acquire a 36.5% equity stake in Hawaii Renewables in exchange for cash consideration of $100 million. Par Pacific will retain the remaining interest and lead the project’s execution and operations through its affiliate, Par Hawaii Refining, LLC. The project’s attractive capital cost, along with its operating and distribution cost advantages, are key differentiators.

25-Acre Site Provides Strategic Logistical Access in the U.S. Gulf Coast Energy Corridor; Will Serve as Future Low-Carbon Fuels and Innovation Hub 

Global ammonia capacity is projected to increase by over 25% from 2025 to 2030, with North America leading due to high fertilizer demand. The versatile petrochemical's applications span agriculture, cleaning, and more. Explore global outlook, key projects, and investment opportunities in ammonia production.

The global oleochemicals market volume is calculated at 18.50 million tons in 2025 and is expected to reach around 27.50 million tons by 2034, growing at a CAGR of 4.50% for the forecasted period.