Mission Biofuels Sdn. Bhd
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Founded Date May 24, 2021
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Posted Jobs 0
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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 begin producing biodiesel and biojet fuel from waste in an industrial-scale system it is developing at its Sines refinery in 2026, the business, which is mainly an oil producer and refiner, stated on Thursday.
Last year Galp got in into a 75%-25% joint venture with Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capacity of 270,000 metric lots annually.
It will change waste products, such as used cooking oils, into renewable biodiesel and biojet fuel, likewise understood as sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a declaration it got on Wednesday the three reactors to process biofuels, which will allow the HVO system to “produce SAF and biodiesel in 2026 … putting Galp at the leading edge of establishing low-carbon services necessary 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-
