The Port of Riga will soon become the site for the first Baltic-scale production of renewable fuels, specifically Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF).
The project, developed in partnership with Ukrainian investors, aims to meet high demand for climate-friendly fuels in Latvia and Europe. By boosting Latvia’s energy independence and export capacity, the aims to will play a critical role in supporting the country’s green goals and reducing reliance on foreign fuel supplies.
Minister for Climate and Energy Kaspars Melnis recently visited the Port of Riga to inspect the plant’s planned site in Kundziņsala. He highlighted the project’s potential to create 120 skilled jobs and provide local farmers with stable demand for biofuel feedstocks, while helping Latvia meet its climate neutrality targets.
The planned capacity of the plant will be approximately 236 thousand tonnes of feedstock per year, of which 93 thousand tonnes of HVO and 87 thousand tonnes of SAF are to be produced. The total cost of the project is estimated at up to €120 million and it could be completed in 20 months, as all the equipment and technology are already available.
With Ukrainian partners we will ensure economic independence from foreign supplies, thus shortening logistics chains and obtaining high added value products that are currently only imported in the Baltics.
… said Armands Sadauskis, owner of SIA PARS TERMINALS.
Additionally, the project strengthens economic ties with Ukrainian investors, aligning with Latvia’s broader geopolitical and energy strategy. The Freeport of Riga’s CEO, Ansis Zeltiņš, emphasized that green energy projects like this are key to the port’s future development, positioning it as a hub for high-value industrial ventures.
