Portugal s Galp Plans To Start Producing Biofuels In 2025

LISBON, Dec 19 (Reuters) - Portugal's Galp Energia anticipates to begin producing biodiesel and biojet fuel from waste in an industrial-scale unit it is constructing at its Sines refinery in 2026, the company, which is mainly an oil producer and refiner, said on Thursday.


Last year Galp got in into 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 lots annually.


It will transform waste products, such as utilized cooking oils, into renewable biodiesel and biojet fuel, also called sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.


Galp stated in a declaration it got on Wednesday the three reactors to process biofuels, which will allow the HVO system to "produce SAF and biodiesel in 2026 ... positioning Galp at the leading edge of developing low-carbon solutions necessary for the energy transition".


Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-