Caring Kersam Assisted Living
Mission Agroenergy Ltd
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Founded Date November 11, 1935
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Sectors Live-in Caregiver for Pittsburgh PA
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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 expects to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is constructing at its Sines refinery in 2026, the company, which is mainly an oil producer and refiner, said on Thursday.
In 2015 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 change waste products, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, likewise to as sustainable aviation fuel (SAF), utilizing 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 unit to “produce SAF and biodiesel in 2026 … putting Galp at the forefront of developing low-carbon solutions important for the energy shift”.
Galp is also 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-