Preem

Historic deal for Preem: Exporting self-produced renewable HVO to the Netherlands

Retrieved on: 
Wednesday, December 20, 2023
Sale, Preem, HVO, Refrigeration, Biofuel, Westerholm, ISCC, Renewable Energy Directive 2018, GHT, SAF, Palm oil, Shell, Renewable energy

A fully renewable HVO, produced at the Gothenburg refinery, has been exported for the first time in the company's history, an important milestone on the company's journey towards a climate-neutral value chain by 2035.

Key Points: 
  • A fully renewable HVO, produced at the Gothenburg refinery, has been exported for the first time in the company's history, an important milestone on the company's journey towards a climate-neutral value chain 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 buyer of 9000 m3 of fully renewable HVO was Shell in the Netherlands.
  • While Preem has previously been a considerable HVO importer, the growing production of renewable fuel is creating new sales opportunities.

Preem invests an additional SEK 5.5 billion into the refinery transition - becoming a leading player in renewable aviation fuel in Europe

Retrieved on: 
Monday, November 27, 2023
Investment, Global warming potential, SAF, HVO, Aviation, Environment, Transport, ICR, Renewable energy, Natural gas, Lysekil, Nordic, Preem

The investment enables Preem to become the largest producer of renewable aviation fuel in Northern Europe, and one of the largest producers of renewable fuels for road transportation.

Key Points: 
  • The investment enables Preem to become the largest producer of renewable aviation fuel in Northern Europe, and one of the largest producers of renewable fuels for road transportation.
  • At the same time, Preem is reducing its fossil fuel production capacity by the corresponding amount.
  • "With this investment, Preem takes another crucial step in the transition from fossil to renewable production," Magnus Heimburg continues.
  • Preem aims to execute the investment amounting to approximately SEK 5.5 billion by leveraging a combination of own and external capital.

Global Bio-Based Naphtha Market Report 2023 with Profiles of Leading Players Eni, Diamond Green Diesel, Neste, Preem, Repsol and UPM Biofuels

Retrieved on: 
Wednesday, November 22, 2023
Diamond, Acquisition, UCO, Biofuel, Repsol, Neste, Toyota Tsusho, Mitsui Chemicals, Geography, Biopolymer, ESG, Biophysical environment, Aviation, Patent, Gasoline, Social, Preem

The global market for bio-based naphtha was estimated to be worth $1.4 billion in 2022.

Key Points: 
  • The global market for bio-based naphtha was estimated to be worth $1.4 billion in 2022.
  • Similar to conventional naphtha, bio-based naphtha is primarily used as a feedstock for petrochemical crackers or as a component in gasoline blending.
  • The Europe bio-based naphtha market generated $734.2 million in revenue in 2022, holding 52.0% of the global market.
  • The report analyzes the global bio-based naphtha market based on the segmentation of source and application.

Pyrocell receives sustainability certification in accordance with ISCC

Retrieved on: 
Thursday, April 20, 2023
ISCC, Certification, Pyrolysis, Gasoline, Friberg, Carbon, Preem, Setra

The fact that the pyrolysis oil is now ISCC certified means that it can be sold on export markets outside of Sweden.

Key Points: 
  • The fact that the pyrolysis oil is now ISCC certified means that it can be sold on export markets outside of Sweden.
  • "It feels great that we have certified our production and product in accordance with ISCC," says Pyrocell's Chairman of the Board Pontus Friberg.
  • "This is proof that our pyrolysis oil meets high standards for sustainability and traceability throughout the entire supply chain."
  • "The ISCC certification increases Pyrocell's competitiveness, and we can thereby, together with Preem, offer the pyrolysis oil to customers outside of Sweden," continues Friberg.

Preem publishes Preem Green Financing Framework and announces successful inaugural €340 million green bond offering

Retrieved on: 
Wednesday, June 15, 2022
Loan Market Association, Carbon, Preem, International Capital Market Association, Securities Act of 1933, CO2, Cicero, Investment, Shades of Green, CICERO, History, ESG, Sale, Renewable energy, Bank

Preem intends to allocate an amount equal to the net proceeds raised by the offering, in accordance with the Preem Green Financing Framework, to eligible green projects, renewable raw materials and assets.

Key Points: 
  • Preem intends to allocate an amount equal to the net proceeds raised by the offering, in accordance with the Preem Green Financing Framework, to eligible green projects, renewable raw materials and assets.
  • The Preem Green Financing Framework is aligned with market best practices outlined by the International Capital Market Association ("ICMA") 2021 Green Bond Principles and the Loan Market Association ("LMA") 2021 Green Loan Principles, updated from time to time.
  • Preem engaged CICERO Shades of Green ("Cicero") to act as an external verifier of the Preem Green Financing Framework and the eligible green projects and assets, and Cicero provided a Second Party Opinion in relation to the Preem Green Financing Framework.
  • Cicero gave the Preem Green Financing Framework an overall CICERO Light Green shading and a governance score of "Good".

Preem signs SEK 3 billion loan agreement with Swedish Export Credit Corporation

Retrieved on: 
Monday, April 25, 2022
CEO, Biofuel, Carbon, Climate change, Swedish National Debt Office, CFO, Commodity Credit Corporation, Swedish Export Credit Corporation, SEK, Investment, Lysekil, Renewable energy, Preem

STOCKHOLM, April 25, 2022 PRNewswire/ --As part of the strategy to switch to large-scale renewable fuel production, Preem will sign a SEK 3 billion loan agreement with Swedish Export Credit Corporation (SEK).

Key Points: 
  • STOCKHOLM, April 25, 2022 PRNewswire/ --As part of the strategy to switch to large-scale renewable fuel production, Preem will sign a SEK 3 billion loan agreement with Swedish Export Credit Corporation (SEK).
  • The loan is covered by the Swedish National Debt Office's program for green credit guarantees.
  • The total cost of Preem's investment is SEK 3,525 million and the company will receive a green loan of SEK 3 billion.
  • The loan agreement with SEK is conditional on approval from the Preem Group's other external financiers and on Preem obtaining the necessary environmental permits.

Preem tightens its climate targets: Climate-neutral value chain 2035

Retrieved on: 
Thursday, October 21, 2021
Climate, Preem, Paris, Paris Agreement, CEO, Carbon, Renewable energy

STOCKHOLM, Oct. 21, 2021 /PRNewswire/ -- Swedish fuel company Preem is now accelerating its measures to reduce greenhouse gas emissions. By 2035 at the latest, Preem will have a climate-neutral business with net-zero emissions throughout its value chain, ten years earlier than its previous climate target.

Key Points: 
  • By 2035, the company will achieve climate neutrality along its entire value chain.
  • By 2035 at the latest, Preem will have a climate-neutral business with net-zero emissions throughout its value chain, ten years earlier than its previous climate target.
  • With the Paris Agreement in mind, Preem will gradually reduce its carbon dioxide emissions along the entire value chain.
  • Making our entire value chain climate neutral is a large and complex transition project, but that challenge does not deter us," continues Magnus Heimburg.

HR Leaders from Spotify and Husqvarna Join Bambuser Advisory Board as Company's Growth Surge Continues

Retrieved on: 
Friday, August 27, 2021
People, Company, Preem, Andrić, Microsoft, Social media, Organization, Berg, SBS Broadcasting Group, CHRO, Google, Klarna, Information technology, CEO, GE Healthcare, Medtech, VP, BD, Husqvarna Group, Technology, Music, Management

STOCKHOLM, Aug. 27, 2021 /PRNewswire/ -- Interactive live video shopping provider Bambuser today announced that prominent human resource experts Anne-Marie Andric, VP of People & Organization at Husqvarna Group, and Katarina Berg, CHRO of Spotify, are joining the company's advisory board. The addition of the new members demonstrates the company's ongoing commitment to fostering a healthy company culture, which will enable it to continue attracting top talent as its phenomenal growth continues.

Key Points: 
  • The addition of the new members demonstrates the company's ongoing commitment to fostering a healthy company culture, which will enable it to continue attracting top talent as its phenomenal growth continues.
  • Approximately two-thirds of those employees are in product developmentroles that require in-demand skills and for which recruitment is highly competitive.
  • To date, Bambuser has successfully attracted talent from some of the most esteemed technology companies in the world including Google, Spotify, Klarna and H&M.
  • Both Andric and Berg are well-known and respected HR professionals, with a combined total of nearly 50 years of experience.

HR Leaders from Spotify and Husqvarna Join Bambuser Advisory Board as Company's Growth Surge Continues

Retrieved on: 
Friday, August 27, 2021
People, Company, Preem, Andrić, Microsoft, Social media, Organization, Berg, SBS Broadcasting Group, CHRO, Google, Klarna, Information technology, CEO, GE Healthcare, Medtech, VP, BD, Husqvarna Group, Technology, Music, Management

The addition of the new members demonstrates the company's ongoing commitment to fostering a healthy company culture, which will enable it to continue attracting top talent as its phenomenal growth continues.

Key Points: 
  • The addition of the new members demonstrates the company's ongoing commitment to fostering a healthy company culture, which will enable it to continue attracting top talent as its phenomenal growth continues.
  • Approximately two-thirds of those employees are in product developmentroles that require in-demand skills and for which recruitment is highly competitive.
  • To date, Bambuser has successfully attracted talent from some of the most esteemed technology companies in the world including Google, Spotify, Klarna and H&M.
  • Both Andric and Berg are well-known and respected HR professionals, with a combined total of nearly 50 years of experience.

Preem's refinery in Lysekil begins producing renewable petrol

Retrieved on: 
Monday, June 21, 2021
Lysekil, Skagerrak, Smoked fish, Preem, Geography of Sweden, Gasoline, Chemical substances, Fuels

The first tests to produce renewable petrol from sawdust have just been carried out at Preem's refinery in Lysekil.

Key Points: 
  • The first tests to produce renewable petrol from sawdust have just been carried out at Preem's refinery in Lysekil.
  • The renewable raw material will be delivered from the Swedish company Pyrocell
    LYSEKIL, Sweden, June 21, 2021 /PRNewswire/ -- Extensive tests have now begun in Lysekil on the catalytic cracker, one of the refinery's largest plants, which primarily produces petrol.
  • The oil will then be further refined at Preem's refinery in Lysekil.
  • "This means that Preem's production of renewable petrol is an important piece of the puzzle that Sweden must solve to achieve the climate goals.