Portugal's Galp Plans to Start Producing Biofuels In 2025
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LISBON, Dec 19 (Reuters) - Portugal's Galp Energia anticipates to begin 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 manufacturer and refiner, stated on Thursday.

Last year Galp entered 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 capability of 270,000 metric loads each year.

It will transform waste materials, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, likewise called fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.

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 ... putting Galp at the forefront of establishing low-carbon options essential for the energy shift".

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