Mission Biofuels India Private Ltd
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Founded Date September 20, 2000
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Sectors Estate Agency
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Posted Jobs 0
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Viewed 6
Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates to start producing biodiesel and biojet fuel from waste in an industrial-scale system it is building at its Sines refinery in 2026, the company, which is mainly an and refiner, said on Thursday.
In 2015 Galp entered into a 75%-25% joint venture with Japan’s 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 per year.
It will transform waste products, such as used cooking oils, into sustainable biodiesel and biojet fuel, also understood as sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a statement it received 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 leading edge of establishing low-carbon solutions necessary 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-
