MAIRE has announced that Kinetics Technology (KT) has been awarded an EPC project by HOLBORN Europa Raffinerie GmbH (HOLBORN) to develop an hydrotreated vegetable oil (HVO) complex inside HOLBORN’s refinery in Hamburg, Germany. The plant, once completed, will produce approximately 220 000 tpy of high-quality renewable diesel and sustainable aviation fuel (SAF) using waste and residues feedstocks, biomasses and the residues of the agribusiness industry, as well as low carbon hydrogen.
MAIRE will leverage both its sustainable technology solutions’ technological know-how, as well as its integrated E&C solutions’ engineering and execution distinctive capabilities to deliver an HVO complex which will bring several advantages in terms of operational efficiency and carbon footprint reduction to the HOLBORN Refinery. The award has a value of around US$400 million.
This important success confirms the role of MAIRE Group in the energy transition, and its ability to take on the decarbonisation challenges in hard-to-abate sectors. Alessandro Bernini, CEO of MAIRE Group, commented: “The development of this new HVO complex is a significant milestone for us and demonstrates our commitment to delivering innovative solutions that help reduce greenhouse gas emissions.”
HVO, also known as renewable diesel, is a fuel made from waste and residue feedstocks, which is processed to have the same chemical properties of fossil-based diesel, with the advantage of decreasing the reliance on petroleum and reduce the environmental impact. It is used worldwide as a drop-in biofuel in diesel vehicles with no engine modifications. Furthermore, renewable diesel can drastically abate greenhouse gas emissions compared to fossil-based diesel, meeting the sustainability criteria of the European Union’s Renewable Energy Directive (RED III).