Portugal s Galp Plans To Start Producing Biofuels In 2025

LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to start producing biodiesel and biojet fuel from waste in an industrial-scale system it is constructing at its Sines refinery in 2026, the company, which is mostly an oil producer and refiner, stated on Thursday.


Last year Galp participated in a 75%-25% joint endeavor 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 heaps each year.


It will transform waste materials, such as utilized cooking oils, into renewable biodiesel and biojet fuel, likewise referred to as sustainable air travel fuel (SAF), using produced by an electrolyser powered by wind or solar power.


Galp said in a declaration it received on Wednesday the three reactors to process biofuels, which will permit the HVO system to "produce SAF and biodiesel in 2026 ... putting Galp at the forefront of establishing low-carbon solutions vital for the energy shift".


Galp is likewise 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-