Mission NewEnergy Limited

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Portugal’s Galp Plans to Start Producing Biofuels In 2025

LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia expects to start producing biodiesel and biojet fuel from waste in an industrial-scale system it is constructing at its Sines refinery in 2026, the company, which is primarily an oil producer and refiner, said on Thursday.

Last year Galp participated in a 75%-25% joint endeavor with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a production capability of 270,000 metric loads per year.

It will change waste products, such as used cooking oils, into eco-friendly biodiesel and biojet fuel, also understood as sustainable air travel fuel (SAF), using green hydrogen by an electrolyser powered by wind or solar power.

Galp stated in a declaration it received on Wednesday the 3 reactors to process biofuels, which will enable the HVO unit to “produce SAF and biodiesel in 2026 … putting Galp at the forefront of developing low-carbon options essential for the energy transition”.

Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser system to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-

 
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