Energy, Oil & Gas Magazine Issue 221 July 2024 | Page 78

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to California , whereas we can book an international vessel to complete that same route . Additionally , we ’ re feedstock agnostic , and intentionally so , so that we can operate in the market and purchase the most economic low-carbon feedstock available at any given time .”
Positive partnerships
Alongside its current production capacity of 18,000 bpd of renewable diesel , the company has plans to expand production capacity , as well as add sustainable aviation fuel ( SAF ) production capabilities and explore green hydrogen production . The on-site production of renewable diesel , SAF , and green hydrogen offers proven alternatives to fossil fuels and significantly decreases the carbon emissions linked to hard-to-abate sectors .
“ We are working on projects that are exploring the potential to produce
SAF , but as we stand today , that market is underdeveloped in terms of the actual percentages of SAF currently being consumed . Airlines are trying to grapple with how they pass the cost of SAF onto customers , because it is a premium fuel , or at least in theory , it should be from a pricing perspective . As such , pricing awareness in the market isn ’ t what it should be . We know what we think it ’ s worth , and for us to make the necessary incremental investment to build out the capability to produce it , others need to also appreciate its value . When we do move forward , it could account for somewhere between 30 and 40 percent of our total production .
“ In terms of green hydrogen , we have a publicly announced partnership with ABO Wind for the joint development of green hydrogen production at our refinery . The Crown Lands decision has awarded ABO
▼ Head on view of new and refurbished RDU unit 78