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Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is developing at its Sines refinery in 2026, the company, which is primarily an oil producer and refiner, stated on Thursday.
In 2015 Galp got in 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 lots per year.
It will transform waste materials, such as used cooking oils, into sustainable biodiesel and biojet fuel, also 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 3 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 solutions important for the energy transition”.
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-
