Mission Biofuels Sdn. Bhd
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Founded Date Ekim 22, 2023
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Sectors Enerji
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 unit it is building at its Sines refinery in 2026, the company, which is primarily 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 Grease (HVO) plant, which will have a production capability of 270,000 metric tons each year.
It will transform waste materials, such as used cooking oils, into sustainable biodiesel and biojet fuel, likewise called sustainable aviation fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar power.
Galp stated in a statement it got on Wednesday the three reactors to process biofuels, which will allow the HVO unit to “produce SAF and biodiesel in 2026 … putting Galp at the leading edge of developing low-carbon solutions important for the energy transition”.
Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser unit to hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-
