Overview
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Founded Date November 19, 1967
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Sectors Video Technician
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Posted Jobs 0
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Viewed 21
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 developing at its Sines refinery in 2026, the business, which is mostly an oil manufacturer and refiner, said on Thursday.
In 2015 Galp participated in a 75%-25% joint venture 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 per year.
It will change waste products, such as used cooking oils, into renewable biodiesel and biojet fuel, likewise referred to as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a declaration it got on Wednesday the 3 reactors to process 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 necessary for the energy transition”.
Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser system to produce green hydrogen to power the in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-