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 in 2026, the company, which is mainly an oil producer 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 Vegetable Oil (HVO) plant, which will have a production capability of 270,000 metric lots annually.
It will transform waste products, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, likewise called sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a statement it received on Wednesday the 3 reactors to process biofuels, which will allow the HVO unit to "produce SAF and biodiesel in 2026 ... positioning Galp at the forefront of establishing low-carbon options necessary for the energy shift".
Galp is likewise 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-