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Par Pacific Holdings Announces Hawaii Renewables Joint Venture

Story Highlights
  • Par Pacific announced a joint venture with Mitsubishi and ENEOS for renewable fuels in Hawaii.
  • The facility will produce 61 million gallons of renewable fuels annually by end of 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Par Pacific Holdings Announces Hawaii Renewables Joint Venture

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Par Pacific Holdings ( (PARR) ) just unveiled an announcement.

On July 21, 2025, Par Pacific Holdings announced a joint venture with Mitsubishi and ENEOS to establish Hawaii Renewables, LLC, aimed at developing a renewable fuels manufacturing facility in Kapolei, Hawaii. The facility, expected to be operational by the end of 2025, will produce approximately 61 million gallons per year of renewable diesel, sustainable aviation fuel, renewable naphtha, and low carbon liquified petroleum gases, contributing to the decarbonization of Hawaii’s air travel market and reducing greenhouse gas emissions.

The most recent analyst rating on (PARR) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Par Pacific Holdings stock, see the PARR Stock Forecast page.

Spark’s Take on PARR Stock

According to Spark, TipRanks’ AI Analyst, PARR is a Neutral.

Par Pacific Holdings’ overall stock score is driven by its financial challenges, which weigh heavily on the score due to declining profitability and cash flow issues. The technical analysis shows strong upward momentum but is tempered by overbought conditions. Valuation remains a concern due to negative earnings, but strategic initiatives and liquidity strength provide a balanced outlook.

To see Spark’s full report on PARR stock, click here.

More about Par Pacific Holdings

Par Pacific Holdings, Inc., headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the western United States. The company owns and operates refining capacity across Hawaii, the Pacific Northwest, and the Rockies, and maintains an extensive energy infrastructure network. Par Pacific also operates the Hele retail brand in Hawaii and the ‘nomnom’ convenience store chain in the Pacific Northwest.

Average Trading Volume: 1,432,785

Technical Sentiment Signal: Buy

Current Market Cap: $1.65B

For an in-depth examination of PARR stock, go to TipRanks’ Overview page.

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