Mission Agroenergy Ltd

Overview

  • Sectors Oil & Gas

Company Description

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 primarily an oil manufacturer 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 capacity of 270,000 metric heaps annually.

It will change waste materials, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, likewise called sustainable aviation fuel (SAF), utilizing green by an electrolyser powered by wind or solar energy.

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

Galp is likewise 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;-RRB-

 
Required 'Candidate' login to applying this job. Click here to logout And try again
 
 

Answers

 

Account Activation

Before you can login, you must activate your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.