Par Pacific Holdings
Par Pacific Holdings operates a significant energy network in the U.S., including refining capacities, a convenience store chain, and a stake in a natural gas production company.
History of Par Pacific Holdings
Par Pacific Holdings has built a substantial presence in the energy sector. Through strategic acquisitions and investments, the company has established a significant refining capacity and energy infrastructure. It operates one of the largest energy networks in Hawaii and maintains a major footprint in the Pacific Northwest and the Rockies. Par Pacific's history is marked by its continuous expansion and diversification into both conventional and renewable energy sources.
Energy Infrastructure and Refining Capacity
Par Pacific Holdings operates an extensive energy infrastructure network, featuring 94,000 barrels per day (bpd) of refining capacity in Hawaii and a combined 125,000 bpd across the Pacific Northwest and the Rockies. The company's infrastructure includes 13 million barrels of storage and various transportation assets, including marine, rail, rack, and pipelines. This comprehensive network enables them to effectively manage and distribute both renewable and conventional fuels throughout the western United States.
Retail Operations: Nomnom Convenience Stores and Fuel Supply
Par Pacific Holdings owns and operates the 'nomnom' convenience store chain, serving customers across its operational territories. Additionally, the company supplies ExxonMobil-branded fuel retail stations, providing a consistent and reliable source of fuel to regional consumers. The retail operations play a crucial role in the company's overall strategy, helping to integrate its upstream and downstream activities.
Investment in Sustainable Aviation Fuel and Renewable Energy
Par Pacific Holdings has committed to sustainable practices within the energy sector, notably through a $90 million investment in sustainable aviation fuel production at its Hawaii refinery. The company has also completed a significant project in Washington to enable the co-feeding of renewable feedstocks, such as fats, oils, and greases, within its existing refinery units. Furthermore, Par Pacific is advancing the engineering for a potential green hydrogen and renewable fuels complex at its Tacoma refinery.
Stake in Laramie Energy, LLC
Par Pacific Holdings owns a 46% stake in Laramie Energy, LLC, a natural gas production company housed in Western Colorado. This ownership provides Par Pacific with influence in the natural gas sector and contributes to its diversified energy portfolio. Laramie Energy focuses on managing and operating assets efficiently to support and enhance natural gas production.