LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to start producing biodiesel and from waste in an industrial-scale system it is developing at its Sines refinery in 2026, the company, which is primarily an oil producer and refiner, said on Thursday.
Last year Galp got in into 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 lots per year.
It will transform waste products, such as used cooking oils, into eco-friendly biodiesel and biojet fuel, likewise called sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a statement it got 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 establishing low-carbon options necessary for the energy transition".
Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser system 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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