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Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates to begin producing biodiesel and biojet fuel from waste in an industrial-scale system it is constructing at its Sines refinery in 2026, the business, which is mainly an oil producer and refiner, stated on Thursday.
In 2015 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 capability of 270,000 metric lots each year.
It will transform waste materials, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, likewise known as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a declaration it received on Wednesday the three reactors to process biofuels, which will permit the HVO system to “produce SAF and biodiesel in 2026 … putting Galp at the leading edge of developing low-carbon services important for the energy transition”.
Galp is likewise investing 250 million euros in a 100 (MW) electrolyser unit to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-