Portugal's Galp Plans to Start Producing Biofuels In 2025

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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,.

LISBON, Dec 19 (Reuters) - Portugal's Galp Energia anticipates to start 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.


Last year Galp participated in a 75%-25% joint venture with Japan's Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 metric lots per year.


It will transform waste materials, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, also called sustainable aviation fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.


Galp stated in a declaration it received on Wednesday the 3 reactors to process biofuels, which will allow the HVO unit to "produce SAF and biodiesel in 2026 ... positioning Galp at the leading edge of developing low-carbon options essential 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) (Reporting by Sergio Goncalves;-RRB-

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