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 mostly an oil manufacturer and refiner, stated on Thursday.
In 2015 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 capacity of 270,000 metric lots each year.
It will change waste materials, such as used cooking oils, into eco-friendly biodiesel and biojet fuel, likewise referred to as sustainable air travel fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a statement it received on Wednesday the 3 reactors to process biofuels, which will enable the HVO system to "produce SAF and biodiesel in 2026 ... placing Galp at the forefront of developing low-carbon services essential for the energy transition".
Galp is likewise investing 250 million euros in a 100 megawatt (MW) to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-