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 unit it is constructing at its Sines refinery in 2026, the business, which is mainly an oil manufacturer and refiner, said 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 capacity of 270,000 metric tons annually.
It will change waste products, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, likewise referred to as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.
Galp stated in a statement it got on Wednesday the 3 to process biofuels, which will enable the HVO unit to "produce SAF and biodiesel in 2026 ... positioning Galp at the leading edge of establishing low-carbon options necessary for the energy shift".
Galp is also 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) (Reporting by Sergio Goncalves;-RRB-