Preem exports HVO from Gothenburg refinery

Preem’s fully renewable HVO, produced at its Gothenburg refinery, has been exported for the first time in the company's history.
This is an important milestone on Swedish company's journey towards a climate-neutral value chain by 2035.
By restructuring production at the refineries in Lysekil and Gothenburg, the plan is to achieve a production capacity of 2.5 million cubic meters of renewable fuel by 2027, followed by a subsequent doubling of capacity by 2035.
The primary focus is on phasing out fossil fuels and replacing them with renewable aviation fuel (SAF) and biofuels adapted for road transport (HVO).
The fully renewable HVO stands out as a unique product with excellent refrigeration properties, making it particularly well-suited for the winter climate in the Nordic region and northern Europe.
"It feels fantastic to conclude the year with this deal. We are proud to produce a unique product that attracts substantial interest, not least in Europe. Few competitors can match the quality of our product,” said Eric Westerholm, head of trading.
Preem's GHT plant in Gothenburg is already ISCC certified as a dedicated HVO plant, enabling the sell of HVO100 on a European market. While Preem has previously been a considerable HVO importer, the growing production of renewable fuel is creating new sales opportunities.
"The demand for this type of product is high across Europe. This sale marks a significant shift for Preem, transitioning from an importer to an exporter of HVO. It represents a positive milestone in our journey towards a climate-neutral value chain,” he added.