
Mission Biofuels India Private Ltd
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Founded Date 04/06/2006
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Sectors Automotive Jobs
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Posted Jobs 0
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Viewed 5
Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia expects to start producing biodiesel and biojet fuel from waste in an industrial-scale system it is developing at its Sines refinery in 2026, the business, which is mainly an oil manufacturer and refiner, stated on Thursday.
Last year Galp got in into 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 capacity of 270,000 metric loads annually.
It will transform waste materials, such as used cooking oils, into and biojet fuel, likewise referred to as sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp stated in a declaration it received on Wednesday the 3 reactors to process biofuels, which will enable the HVO unit to „produce SAF and biodiesel in 2026 … putting Galp at the forefront of developing low-carbon options essential for the energy shift“.
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-