HollyFrontier Doubles Capital Spending in 2021, Accelerates Renewable Diesel Efforts

SUGAR LAND--December 9, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--HollyFrontier Corporation (NYSE:HFC) (Dallas, Texas) is betting big on a post-COVID-19 recovery. The refiner is defying other energy companies' pandemic actions with plans to nearly double its capital expenditures in 2021, including an investment of between $500 million and $530 million in its renewables business. With demand for traditional fuels in tatters, HollyFrontier is aiming to improve its image as a top polluter with a greener diet. Industrial Info is tracking more than $1.3 billion in active projects involving HollyFrontier, more than 60% of which is expected to begin construction in 2021.

Within this article: Details on some of the highest-valued projects from HollyFrontier, including two major renewable diesel units (RDU) and a crude oil storage facility.

Other companies featured: Plains All American Pipeline LP (NYSE:PAA)