LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to start 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, said 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 capability of 270,000 metric tons annually.
It will transform waste materials, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, likewise called sustainable air travel fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a declaration it received on Wednesday the 3 to process biofuels, which will permit the HVO unit to "produce SAF and biodiesel in 2026 ... putting Galp at the leading edge of establishing low-carbon solutions vital for the energy shift".
Galp is likewise 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
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Portugal's Galp Plans to Start Producing Biofuels In 2025
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