Par Pacific Holdings, Mitsubishi and Eneos to form a joint venture and establish Hawaii Renewables for $100m.

Par Pacific Holdings, an energy company, Mitsubishi, an integrated business enterprise, and Eneos, a petroleum company, agreed to form Hawaii Renewables, a joint venture to produce renewable fuels at Par Pacific’s refinery in Kapolei, Hawaii, for $100m. “We are thrilled to partner with Mitsubishi and ENEOS through the formation of this strategic joint venture. Creating the Hawaii Renewables joint venture brings together the best of our three organizations and yields additional scale and expertise across feedstock origination, commercial optimization, and market access throughout the Pacific Basin,” Will Monteleone, Par Pacific President & Chief Executive Officer.