Mission Biofuels India Private Ltd
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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 at its Sines refinery in 2026, the business, which is primarily an oil producer and refiner, stated on Thursday.
Last year Galp got in into a 75%-25% joint venture with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a production capacity of 270,000 metric heaps per year.
It will transform waste materials, such as used cooking oils, into renewable biodiesel and biojet fuel, also called sustainable air travel fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp stated in a statement it received on Wednesday the three reactors to process biofuels, which will permit the HVO system to “produce SAF and biodiesel in 2026 … positioning Galp at the forefront of developing low-carbon services essential for the energy shift”.
Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-
