The largest transition in the company's history

We are scaling up production of the renewable fuel HVO100 at the refinery in Gothenburg – approximately 350,000 cubic meters can be produced each year.

Preem's most significant renewable investment is decided. SEK 5.5 billion is invested in the reconstruction of the refinery in Lysekil, and increases the annual production capacity of renewable aviation fuel and HVO by an additional 1.2 million cubic meters.

The plan is to open the plant in 2027.

By converting the refinery in Lysekil, Preem's renewable production capacity will be increased to 1.5 million cubic meters. This is the largest renewable investment in the company's history.

Production is planned to start in 2024.

Our climate goal is being tightened by a full ten years. As early as 2035, the value chain will be climate-neutral.

Preem launches the goal of a climate-neutral value chain by 2045.

We are initiating several partnerships to expand the renewable raw material base, including the partnership with Setra and the joint company Pyrocell, which in 2021 began production of Sweden's first pyrolysis oil from sawdust, adapted for the production of renewable diesel and gasoline.

We launch Preem Evolution Diesel with partly renewable components, and in 2015 the equivalent for gasoline is launched, Preem Evolution Gasoline.

In 2007, Preem invested in SunPine, Sweden´s first industrial production plant for input material for renewable diesel from forestry residues. The result was raw pine diesel, an innovation that is still of a high standard. Three years later, the first load of raw pine diesel was received at the refinery in Gothenburg.

Our refineries in Gothenburg and Lysekil are modern and comply with current environmental standards for emissions.

Preem is founded by businessman Mohammed H. Al Amoudi through the purchase and merging of Texaco stations and OK stations.

The refineries in Gothenburg and Lysekil are officially opened.