
Oleovest Pl
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Founded Date April 18, 2013
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Sectors Physical Therapist (PT)
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Posted Jobs 0
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Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates to start producing biodiesel and biojet fuel from waste in an system it is developing at its Sines refinery in 2026, the business, which is mostly an oil producer and refiner, stated on Thursday.
In 2015 Galp got in into a 75%-25% joint endeavor with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capacity of 270,000 metric lots per year.
It will transform waste materials, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, also known as 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 three reactors to process biofuels, which will allow the HVO unit to “produce SAF and biodiesel in 2026 … positioning Galp at the leading edge of establishing low-carbon options necessary for the energy transition”.
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;-RRB-