View source for Portugal s Galp Plans To Start Producing Biofuels In 2025

<br>LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to start producing [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] and biojet fuel from waste in an [https://www.zoominfo.com/c/mission-newenergy/346542889 industrial-scale unit] it is  at its Sines [https://www.zoominfo.com/c/mission-newenergy/346542889 refinery] in 2026, the company, which is mainly an [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 oil producer] and refiner, said on Thursday.<br><br><br>Last year Galp [https://www.zoominfo.com/c/mission-newenergy/346542889 participated] in a 75%-25% joint [https://www.crunchbase.com/organization/mission-newenergy endeavor] with [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html Japan's Mitsui] to invest 400 million euros ($415 million) in the [https://www.investing.com/equities/mission-newenergy-ltd-company-profile Hydrogenated Vegetable] Oil (HVO) plant, which will have a [https://www.crunchbase.com/organization/mission-newenergy production capacity] of 270,000 metric loads [https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4 annually].<br><br><br>It will transform waste materials, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, likewise referred to as [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html sustainable aviation] fuel (SAF), [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price utilizing green] hydrogen [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ produced] by an [https://pitchbook.com/profiles/company/51278-86 electrolyser] powered by wind or solar energy.<br><br><br>Galp stated in a declaration it got on Wednesday the three [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price reactors] to [https://www.bloomberg.com/profile/company/MNELF:US process] biofuels, which will permit the HVO system to "produce SAF and [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ biodiesel] in 2026 ... putting Galp at the leading edge of developing low-carbon services essential for the energy shift".<br><br><br>Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser unit to [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 produce green] [https://pitchbook.com/profiles/company/51278-86 hydrogen] to power the [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ refinery] in Sines. ($1 = 0.9637 euros) ([https://forest500.org/rankings/companies/mission-newenergy-limited Reporting] by Sergio Goncalves;-RRB-