# HollyFrontier to convert oil refinery into renewable diesel plant

> HollyFrontier plans to convert its 52,000 b/d Cheyenne, Wyoming refinery into a renewable diesel plant that will produce about 90 million gallons per year. The company expects to spend $125 million to $175 million, with completion in early 2022.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/52476-hollyfrontier-to-convert-oil-refinery-into-renewable-diesel-plant
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Refiners shifting capacity to renewable diesel adds future demand for vegetable oils and animal fats as feedstock. The project is small relative to total U.S. diesel supply, so the price effect is limited.

## Read by commodity

- SBO: bullish ▲
- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-11-04 | [Evolve or die: US refiners grasp renewables lifeline to stay viable](https://feedsoft.ai/events/50025-evolve-or-die-us-refiners-grasp-renewables-lifeline-to-stay-viable.md) | +9.9% | +20.6% |
| WTI | 2023-06-30 | [Palm oil quotes support Indonesia's plans to increase its biodiesel content to 40%](https://feedsoft.ai/events/15729-palm-oil-quotes-support-indonesia-s-plans-to-increase-its-biodiesel-content-to.md) | +5.8% | +15.3% |
| WTI | 2020-10-05 | [US refiners accelerate transition to renewable fuels production \| Oil & Gas Journal](https://feedsoft.ai/events/50511-us-refiners-accelerate-transition-to-renewable-fuels-production-oil-and-gas.md) | +9.6% | -3.4% |
| WTI | 2020-08-19 | [Indonesia mulls palm oil levies increase to support biodiesel plans](https://feedsoft.ai/events/51467-indonesia-mulls-palm-oil-levies-increase-to-support-biodiesel-plans.md) | +0.8% | -6.3% |
| WTI | 2020-05-06 | [Indonesia to discuss how to continue biodiesel program amid falling fuel prices, ETEnergyworld](https://feedsoft.ai/events/52994-indonesia-to-discuss-how-to-continue-biodiesel-program-amid-falling-fuel-prices.md) | +4.9% | +51.9% |
| SBO | 2020-10-04 | [U.S. oil refiners look to leapfrog Canadians in making renewable diesel](https://feedsoft.ai/events/50523-u-s-oil-refiners-look-to-leapfrog-canadians-in-making-renewable-diesel.md) | +6.9% | +5.2% |
| SBO | 2021-12-16 | [Renewable Diesel Plans Could Outstrip Soybean Acres, Soy Oil Supplies](https://feedsoft.ai/events/43698-renewable-diesel-plans-could-outstrip-soybean-acres-soy-oil-supplies.md) | +1.1% | +4.7% |
| SBO | 2020-06-24 | [Refiners start to add renewable diesel capacity, seen as cost-cutting move](https://feedsoft.ai/events/52478-refiners-start-to-add-renewable-diesel-capacity-seen-as-cost-cutting-move.md) | -0.7% | +6.2% |

## Sources

- ogj.com: https://www.ogj.com/refining-processing/refining/operations/article/14177034/hollyfrontier-converting-wyoming-refinery-into-renewable-fuels-plant
- reuters.com: https://www.reuters.com/article/markets/currencies/hollyfrontier-to-convert-oil-refinery-into-renewable-diesel-plant-idUSKBN2383LE/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.