Hawaiian Airlines and Par Pacific Announce Plan to Jointly Explore Sustainable Aviation Fuel in Hawaii
June 08 2022 - 4:05PM
Hawaiian Airlines, the state’s largest and longest-serving carrier,
and Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”),
Hawaii's largest supplier of fuel products, announced plans today
to join forces to study the commercial viability of locally
produced sustainable aviation fuels (“SAF”) — to replace all or a
percentage of traditional kerosene-based jet fuel. This is a major
step for both organizations to reduce carbon emissions and to
create a more sustainable energy future for Hawaii.Based on a
memorandum of understanding signed by both companies, Hawaiian
Airlines and Par Pacific will:
- Jointly evaluate the potential to convert two of the processing
units at Par Pacific’s Hawaii refinery to produce renewable fuels,
including sustainable aviation fuel.
- Support the production of locally grown, oil-yielding
crops.
- Explore the feasibility of importing sustainable feedstocks to
produce sustainable aviation fuel and other renewable
products.
- Convene stakeholders to identify federal and state policies to
support Hawaii-based production of renewable fuels.
“We have over 260 employees at our Kapolei refinery engaged in
high quality manufacturing work,” said William Pate, President and
CEO of Par Pacific. “We’re excited to be partnering with Hawaiian
Airlines to innovate and position our business for the future.
Aviation fuel represents approximately 40% of Hawaii’s fuel demand,
and our work with Hawaiian is an important step in addressing these
emissions.”"This is the first step in what we hope will be a long
and productive relationship that reflects both parties' unwavering
commitment to the environment and to these islands we call home,"
said Peter Ingram, President and CEO of Hawaiian Airlines. "SAF is
an integral part of decarbonizing aviation, and we hope to be able
to make joint investments in SAF production here in Hawaii, which
will benefit both the environment and our economy.”
Ingram added: “We know that it will take more than just our
companies to accomplish this ambitious objective, and we look
forward to engaging with partners across the community to build a
more sustainable future for travel to, from and within the
islands.”
In 2019, Par Pacific invested $27 million in a distillate
hydrotreater at its Kapolei refinery to produce more jet fuel and
ultra-low sulfur diesel. This relatively new processing unit, along
with the refinery’s distillate hydrocracker – which produces high
value transportation fuels by converting heavier, lower value
products under high temperature and pressure – are the two primary
units being considered for renewable fuels production.
About Par Pacific
Par Pacific Holdings, Inc. (NYSE: PARR), headquartered
in Houston, Texas, owns and operates market-leading
energy, infrastructure, and retail businesses. Par Pacific’s
strategy is to acquire and develop businesses in logistically
complex, niche markets. Par Pacific owns and operates one of
the largest energy networks in Hawaii with 94,000 bpd of
operating refining capacity, a logistics system supplying the major
islands of the state and 90 retail locations. In the Pacific
Northwest and the Rockies, Par Pacific owns and operates 60,000 bpd
of combined refining capacity, related multimodal logistics
systems, and 29 retail locations. Par Pacific also owns 46%
of Laramie Energy, LLC, a natural gas production company with
operations and assets concentrated in Western Colorado. More
information is available at www.parpacific.com.
About Hawaiian Airlines
Hawaiian® has led all U.S. carriers in on-time performance for
each of the past 18 years (2004-2021) as reported by the U.S.
Department of Transportation and was named No. 1 U.S. airline by
Condé Nast Traveler’s 2021 Readers Choice Awards. Consumer surveys
by Travel + Leisure and TripAdvisor have placed Hawaiian among the
top of all domestic airlines serving Hawaiʻi.
Now in its 93rd year of continuous service, Hawaiian is
Hawaiʻi's biggest and longest-serving airline. Hawaiian offers
approximately 130 daily flights within the Hawaiian Islands, daily
nonstop flights between Hawaiʻi and 16 U.S. gateway cities – more
than any other airline – as well as service connecting Honolulu and
American Samoa, Australia, Japan, New Zealand, South Korea and
Tahiti.
The airline is committed to connecting people with aloha by
offering complimentary meals for all guests on transpacific routes
and the convenience of no change fees on Main Cabin and Premium
Cabin seats. HawaiianMiles members also enjoy flexibility with
miles that never expire. As Hawai‘i’s hometown airline, Hawaiian
encourages guests to Travel Pono and experience the islands safely
and respectfully.
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings,
Inc. (NASDAQ: HA). Additional information is available
at HawaiianAirlines.com. Follow Hawaiian’s Twitter updates
(@HawaiianAir), become a fan on Facebook (Hawaiian Airlines),
and follow us on Instagram (hawaiianairlines). For career postings
and updates, follow Hawaiian’s LinkedIn page.
Media ContactMarc InouyeDirector, Government
& Public Affairs(808)
352-2479minouye@parpacific.com
Investor ContactAshimi PatelDirector, Investor
Relations(832) 916-3355apatel@parpacific.com
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