Mission NewEnergy Limited
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Founded Date May 4, 2020
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Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia expects to begin producing biodiesel and biojet fuel from waste in an industrial-scale unit it is developing at its Sines refinery in 2026, the business, which is mainly an oil producer and refiner, stated on Thursday.
Last year Galp entered into a 75%-25% joint venture with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 metric loads per year.
It will transform waste materials, such as utilized cooking oils, into renewable biodiesel and biojet fuel, also understood as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a declaration it got on Wednesday the three reactors to process biofuels, which will permit the HVO unit to “produce SAF and biodiesel in 2026 … putting Galp at the forefront of establishing low-carbon solutions important for the energy shift”.
Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser system to produce green to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-