The Port of Riga, in partnership with Ukrainian investors, is set to host the Baltic region's first large-scale renewable fuels plant, marking a significant milestone in sustainable energy production. The plant will focus on producing hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF), addressing the growing demand for environmentally friendly fuel alternatives in Latvia and Europe. This initiative aligns with Latvia's goals of climate neutrality and energy independence by providing stable demand for energy-intensive crops and creating jobs in the renewable energy sector. The project, estimated to cost up to €120m, is expected to be operational within 20 months, enhancing Latvia's position as a key player in green energy production in the Baltics. The plant's development is part of a broader strategy to modernize business operations, ensure economic independence from foreign supplies, and boost the aviation sector's sustainability beyond 2030. The collaboration with Ukrainian partners will streamline logistics chains and produce high-value-added products locally, benefiting both the economy and the environment. Moreover, the Port of Riga's involvement in additional green energy initiatives, such as wind turbine component production, a solar panel park, and hydrogen research projects, underscores its commitment to advancing sustainability and innovation in the region. These efforts reflect a proactive approach towards reducing carbon emissions and promoting renewable energy sources in the Baltic region.