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 system it is building at its Sines refinery in 2026, the company, 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 Vegetable Oil (HVO) plant, which will have a production capacity of 270,000 metric loads per year.

It will change waste materials, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, also understood as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.

Galp stated in a declaration it received on Wednesday the three reactors to biofuels, which will allow the HVO system to “produce SAF and biodiesel in 2026 … putting Galp at the forefront of developing low-carbon solutions necessary for the energy shift”.

Galp is also 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-