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 unit it is constructing at its Sines refinery in 2026, the company, which is mostly an oil producer and refiner, said on Thursday.
Last year Galp got in into a 75%-25% joint venture 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 loads each year.
It will change waste materials, such as used cooking oils, into sustainable biodiesel and biojet fuel, also referred to as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a statement it got on Wednesday the three reactors to process biofuels, which will enable the HVO unit to "produce SAF and biodiesel in 2026 ... placing Galp at the forefront of establishing low-carbon solutions necessary for the energy transition".
Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser system to produce green hydrogen to power the in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-