Portugal s Galp Plans To Start Producing Biofuels In 2025

LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is developing at its in 2026, the business, which is primarily an oil producer and refiner, said on Thursday.


In 2015 Galp got in into 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 capacity of 270,000 metric tons per year.


It will transform waste products, such as used cooking oils, into renewable biodiesel and biojet fuel, also called sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.


Galp stated in a statement it got on Wednesday the 3 reactors to process biofuels, which will allow the HVO system to "produce SAF and biodiesel in 2026 ... placing Galp at the leading edge 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-