Portugal's Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to begin producing biodiesel and biojet fuel from waste in an industrial-scale system it is building at its Sines refinery in 2026, the business, which is mainly an oil manufacturer and refiner, stated 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 capacity of 270,000 metric heaps annually.
It will transform waste products, such as used cooking oils, into renewable biodiesel and biojet fuel, likewise called sustainable air travel 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 three reactors to process biofuels, which will permit the HVO unit to "produce SAF and biodiesel in 2026 ... positioning Galp at the leading edge of establishing low-carbon options 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) ( by Sergio Goncalves;-RRB-