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 system it is building at its Sines refinery in 2026, the company, which is primarily an oil producer and refiner, stated 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 each year.


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


Galp stated in a statement it received on Wednesday the 3 reactors to biofuels, which will allow the HVO system to "produce SAF and biodiesel in 2026 ... putting Galp at the leading edge of developing low-carbon solutions important 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-