Mission Biofuels India Private Ltd
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Founded Date July 31, 1965
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Sectors Manufacturing
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Posted Jobs 0
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Viewed 23
Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) Galp Energia anticipates to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is building at its Sines refinery in 2026, the company, which is primarily an oil producer and refiner, said on Thursday.
Last year Galp entered 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 capacity of 270,000 metric tons each year.
It will change waste materials, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, likewise referred to as sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp stated in a declaration it got on Wednesday the 3 reactors to process biofuels, which will permit the HVO system to “produce SAF and biodiesel in 2026 … positioning Galp at the leading edge of developing low-carbon services 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;-RRB-