EMEA News
Green Diesel Production to Double at Swedish Port
Swedish oil company Preem will invest about €33.6 million ($44.6 million) to double its production of diesel that includes renewable content at its Port of Gothenburg refinery, industry news site Maritime Executive reports.
"Our investment is completely in keeping with the times," said Preem President Petter Holland.
"Sweden needs a much higher proportion of green fuel if it is to meet the government's environmental targets.
"Diesel consumption has increased substantially in recent years and we feel that our product has significant market potential."
The refinery expansion, scheduled for completion in the fall of 2015, would increase the green diesel volumes to about 800,000 tonnes per year.
Preem started making diesel using forest industry byproduct tall oil in 2010, processing it together with petroleum-based diesel to produce Evolution Diesel, a product with one-third renewable content that has the same properties as regular diesel.
The process can also use rapeseed oil or other vegetable or animal products.
European authorities have been pushing for increased use of biodiesel, but they say it is necessary to increase the proportion of the fuels that come from waste products and other "second generation" sources rather than crops.
