1 Portugal's Galp Plans to Start Producing Biofuels In 2025
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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 Sines refinery in 2026, the business, which is mostly an oil manufacturer and refiner, stated on Thursday.

Last year Galp participated in a 75%-25% joint endeavor with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 metric loads each year.

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

Galp said in a declaration it received on Wednesday the 3 reactors to process biofuels, which will permit the HVO system to “produce SAF and biodiesel in 2026 ... placing Galp at the forefront of establishing low-carbon solutions important for the energy shift”.

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