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Jump to navigationJump to searchPortugal s Galp Plans To Start Producing Biofuels In 2025 (view source)
Revision as of 09:42, 10 January 2025
, 10 JanuaryCreated page with "<br>LISBON, Dec 19 (Reuters) [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm - Portugal's] Galp Energia expects to begin [https://www.proactiveinve..."
<br>LISBON, Dec 19 (Reuters) [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm - Portugal's] Galp Energia expects to begin [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd producing] [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html 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 [https://www.zoominfo.com/c/mission-newenergy/346542889 producer] and refiner, stated on Thursday.<br><br><br>In 2015 [https://www.google.com/search?kgmid=/m/0cqd_rb Galp participated] in a 75%-25% joint [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ endeavor] with [https://www.crunchbase.com/organization/mission-newenergy Japan's Mitsui] to invest 400 million euros ($415 million) in the [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html Hydrogenated Vegetable] Oil (HVO) plant, which will have a [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html production capability] of 270,000 metric lots each year.<br> <br><br>It will [https://www.zoominfo.com/c/mission-newenergy/346542889 transform waste] products, such as used [https://stocktwits.com/symbol/MNEL cooking] oils, into [https://www.crunchbase.com/organization/mission-newenergy renewable] [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ biodiesel] and biojet fuel, likewise [https://pitchbook.com/profiles/company/51278-86 understood] as [https://www.google.com/search?kgmid=/m/0cqd_rb sustainable air] travel fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.<br><br><br>[https://www.investing.com/equities/mission-newenergy-ltd-company-profile Galp stated] in a statement it [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd received] on Wednesday the 3 [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm reactors] to biofuels, which will allow the HVO system to "produce SAF and [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] in 2026 ... putting Galp at the leading edge of developing low-carbon solutions important for the energy shift".<br><br><br>Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html green hydrogen] to power the [https://www.google.com/search?kgmid=/m/0cqd_rb refinery] in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-
