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 business, which is mainly an oil producer and refiner, stated 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 capacity of 270,000 metric loads annually.
It will change waste products, such as used cooking oils, into sustainable biodiesel and biojet fuel, likewise referred to as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a statement it received on Wednesday the three reactors to process biofuels, which will allow the HVO system to "produce SAF and biodiesel in 2026 ... putting Galp at the forefront of developing low-carbon options vital for the energy transition".
Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce green hydrogen to power the 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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