
Mission Biofuels Sdn. Bhd
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Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates to start producing biodiesel and biojet fuel from waste in an industrial-scale system it is building at its Sines refinery in 2026, the business, which is primarily an oil manufacturer and refiner, stated on Thursday.
Last year Galp entered into a 75%-25% joint endeavor 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 sustainable biodiesel and biojet fuel, likewise known as sustainable aviation fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a statement it got on Wednesday the three reactors to process biofuels, which will permit the HVO unit to “produce SAF and biodiesel in 2026 … placing Galp at the leading edge of establishing low-carbon options important for the energy transition”.
Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-