Mission Biofuels India Private Ltd
Overview
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Founded Date February 17, 1921
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Posted Jobs 0
Company Description
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 business, which is mostly an oil producer and refiner, said on Thursday.
Last year Galp entered into 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 capacity of 270,000 metric tons annually.
It will transform waste materials, such as used cooking oils, into sustainable biodiesel and biojet fuel, likewise understood as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a declaration it received 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 leading edge of developing low-carbon options vital for the energy shift”.
Galp is likewise 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-
