Par Pacific Holdings, Inc. (NYSE:PARR) Q3 2023 Earnings Call Transcript

William Monteleone: Sure, Manav. This is Will. So we’re looking at developing a facility that be co-located with our Tacoma refinery where we pair green hydrogen production facility with a sustainable aviation fuel plant. And again, I think we would co-locate it so that we could share and utilize the logistics assets that we have on site there that we think are particularly strategic. So again, I think our view is we’ve got some attractive ingredients here for a project that should be successful in a market that’s focused on decarbonizing with strong credit incentive schemes, strong logistics assets to access feedstock and some of the lowest cost power in North America. So again, that’s why we’re spending time on this. And ultimately, I think we’ve got a particularly competitive project here that is worth getting smarter on and getting the engineering in a place we can make a decision.

Operator: Thank you very much. And this concludes our question-and-answer session. I would like to turn the conference back over to William Pate for any closing remarks.

William Pate: Thank you, Marliese. We’re very pleased with the accretive financial contribution of the Billings acquisition as well as just the impressive performance of all our business units. The trailing 12-month adjusted net income of $9.34 a share signifies the value that we’ve created for our shareholders, and I want to thank you for your support today. Have a good day.

Operator: The conference has now concluded. Thank you very much for attending today’s presentation. You may now disconnect.