Add 'Portugal's Galp Plans to Start Producing Biofuels In 2025'

Portugal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md

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+<br>LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to start producing [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and biojet fuel from waste in an industrial-scale system it is developing at its [Sines refinery](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in 2026, the company, which is mostly an [oil manufacturer](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and refiner, stated on Thursday.<br>
+<br>In 2015 Galp entered into a 75%-25% [joint endeavor](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with [Japan's Mitsui](https://www.google.com/search?kgmid=/m/0cqd_rb) to invest 400 million euros ($415 million) in the [Hydrogenated Grease](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) (HVO) plant, which will have a [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [capability](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of 270,000 metric tons [annually](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>It will change waste products, such as used [cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oils, into [eco-friendly](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and biojet fuel, likewise [understood](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) as  fuel (SAF), using green hydrogen produced by an [electrolyser](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) powered by wind or [solar energy](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>Galp stated in a declaration it [received](https://www.bloomberg.com/profile/company/MNELF:US) on Wednesday the 3 reactors to process biofuels, which will allow the [HVO unit](https://www.google.com/search?kgmid=/m/0cqd_rb) to "produce SAF and [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in 2026 ... placing Galp at the forefront of establishing low-carbon solutions important for the energy shift".<br>
+<br>Galp is also [investing](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 250 million euros in a 100 [megawatt](https://www.zoominfo.com/c/mission-newenergy/346542889) (MW) electrolyser unit to produce [green hydrogen](https://pitchbook.com/profiles/company/51278-86) to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves