# HollyFrontier enhances ESG profile, mitigates RINs impact, with New Mexico renewable diesel project

> HollyFrontier plans a 125 million gallon per year renewable diesel unit at its Navajo refinery in New Mexico, expected online in Q1 2022. The company said the unit would process soybean oil and other feedstocks and reduce its RIN purchase obligation, and it will appeal a lost small refinery exemption.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54467-hollyfrontier-enhances-esg-profile-mitigates-rins-impact-with-new-mexico
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

New renewable diesel capacity that processes soybean oil adds future vegoil demand, supporting soybean oil prices. The project is a multi-year demand addition rather than an immediate price shock.

## Read by commodity

- SBO: bullish ▲
- DIESEL: neutral

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/022020-hollyfrontier-enhances-esg-profile-mitigates-rins-impact-with-new-mexico-renewable-diesel-project

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