HollyFrontier Cheyenne Renewable Diesel Project
USA
Operational
Overview
Status
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Operational
Region
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North America
Geography
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USA
State
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Wyoming
Equity Owner
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HF Sinclair Corporation (formerly HollyFrontier Corporation)
Proponent
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HF Sinclair Corporation (formerly HollyFrontier Corporation)
Output
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Renewable diesel
Sustainable aviation fuel
Type of electricty
-
Capacity
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90 million gallons/year
Financing
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Technology
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Technical Advisors
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Fluor (FEED & EPC)
Advisors
-
Project Contact
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Mike Jennings, HollyFrontier’s President and Chief Executive Officer
Lawyers
-
Project Cost
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$125-$175 million
Offtaker
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Commercial Operations Date
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2021
Decommission Date
-
FID
-
Description
The conversion of HollyFrontier’s Cheyenne Refinery to renewable diesel production.
HollyFrontier intends to repurpose Cheyenne’s current footprint and a portion of its existing assets to produce approximately 90 million gallons per year of renewable diesel.
HollyFrontier expects the project will be completed in the first quarter of 2022 and generate an internal rate of return of 20-30%.
HollyFrontier also plans to produce renewable fuels at its Artesia Refinery. The company is expected to have a combined capacity to produce over 200 million gallons per year of renewable diesel and pre-treat over 80% of its feedstock. HollyFrontier expects to invest between $650-$750 million in its renewables business.