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 developing at its Sines refinery in 2026, the company, which is primarily an oil manufacturer and refiner, said 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 Vegetable Oil (HVO) plant, which will have a production capability of 270,000 metric loads annually.
It will change waste products, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, likewise known as sustainable aviation fuel (SAF), utilizing green produced by an electrolyser powered by wind or solar energy.
Galp stated in a declaration it got on Wednesday the three reactors to process biofuels, which will permit the HVO system to “produce SAF and biodiesel in 2026 … placing Galp at the leading edge of developing low-carbon services vital for the energy shift”.
Galp is likewise 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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