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 developing at its Sines refinery in 2026, the business, which is mainly an oil manufacturer and refiner, stated on Thursday.
Last year Galp participated in a 75%-25% joint venture with Japan's Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a production capability of 270,000 metric loads each year.
It will change waste products, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, also called sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a statement it received on Wednesday the 3 reactors to process biofuels, which will allow the HVO unit to "produce SAF and biodiesel in 2026 ... placing 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 system to produce green hydrogen to power the in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves
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Portugal's Galp Plans to Start Producing Biofuels In 2025
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