World Energy to complete conversion of California petroleum refinery to renewable fuels; $350M investment, 306M gallons per year
World Energy announced a $350-million investment over the next two years to complete the conversion of its Paramount, California facility into one of the cleanest fuel refineries in the world. The project will enable World Energy Paramount to process 306 million gallons annually. The conversion to renewable jet, diesel, gasoline and propane will reduce both refinery and fuel emissions while supporting more than 100 jobs.
This project will transform the Paramount facility into California’s most important hub for the production and blending of advanced renewable fuels. This investment will better enable us to deliver much needed low-carbon solutions to our customers. Importantly, with 150 million gallons of annual renewable jet production capacity, World Energy will be able to help the commercial aviation industry combat its greenhouse gas emissions.—Bryan Sherbacow, Chief Commercial Officer of World Energy
World Energy is one of the largest and longest serving advanced biofuel suppliers in North America. Founded in 1998, the company operates biodiesel manufacturing plants in Houston, TX, Natchez, MS, Rome, GA, Harrisburg, PA, Hamilton, ON, a renewable diesel refinery in Paramount, CA, and distribution hubs throughout the US and Canada.