Portugal s Galp Plans To Start Producing Biofuels In 2025

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


In 2015 Galp participated in 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 capability of 270,000 metric lots per year.


It will transform waste products, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, likewise known as sustainable air travel fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.


Galp said in a statement it received on Wednesday the 3 reactors to process biofuels, which will permit the HVO system to "produce SAF and biodiesel in 2026 ... putting Galp at the leading edge of establishing low-carbon solutions essential for the energy transition".


Galp is also 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-

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