M2 Capital Sdn. Bhd
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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 mostly an oil producer and refiner, stated on Thursday.
Last year Galp got in into 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 per year.
It will change waste materials, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, also known as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp stated 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 … putting Galp at the forefront of developing low-carbon services necessary for the energy shift”.
Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) ( by Sergio Goncalves;-RRB-
