
Mission Biofuels Sdn. Bhd
Add a review FollowOverview
- Sectors Manufacturing & Industrialization
- Posted Jobs 0
- Viewed 7
Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates to start 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 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 tons annually.
It will transform waste materials, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, likewise understood as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a declaration it got on Wednesday the 3 reactors to process biofuels, which will allow the HVO system to “produce SAF and biodiesel in 2026 … placing Galp at the forefront of developing low-carbon services vital 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-