Mission Biofuels India Private Ltd
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Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia expects to start producing and biojet fuel from waste in an industrial-scale system it is developing at its Sines refinery in 2026, the company, which is mostly an oil producer and refiner, said on Thursday.
In 2015 Galp got in into 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 tons annually.
It will change waste materials, such as used cooking oils, into sustainable biodiesel and biojet fuel, also understood 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 enable the HVO unit to “produce SAF and biodiesel in 2026 … positioning Galp at the leading edge of developing low-carbon services essential for the energy shift”.
Galp is likewise 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-
