Portugal’s Galp Plans to Start Producing Biofuels In 2025

LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates to start producing biodiesel and from waste in an industrial-scale system it is constructing at its Sines refinery in 2026, the business, which is primarily an oil manufacturer and refiner, stated on Thursday.

In 2015 Galp got in into 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 materials, such as utilized cooking oils, into renewable biodiesel and biojet fuel, also known as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.

Galp stated in a declaration it got on Wednesday the three reactors to process biofuels, which will enable the HVO system to “produce SAF and biodiesel in 2026 … positioning Galp at the forefront of establishing low-carbon options essential for the energy transition”.

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-