Add 'Portugal's Galp Plans to Start Producing Biofuels In 2025'

Portugal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md

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+<br>LISBON, Dec 19 (Reuters) [- Portugal's](https://www.google.com/search?kgmid=/m/0cqd_rb) Galp Energia anticipates to  [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) and [biojet fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from waste in an [industrial-scale unit](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) it is [constructing](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) at its Sines refinery in 2026, the company, which is primarily an oil [producer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and refiner, said on Thursday.<br>
+<br>In 2015 [Galp participated](https://stocktwits.com/symbol/MNEL) in a 75%-25% joint venture with [Japan's Mitsui](https://www.crunchbase.com/organization/mission-newenergy) to invest 400 million euros ($415 million) in the [Hydrogenated Grease](https://forest500.org/rankings/companies/mission-newenergy-limited) (HVO) plant, which will have a [production capacity](https://www.crunchbase.com/organization/mission-newenergy) of 270,000 metric loads each year.<br>
+<br>It will change waste products, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, also understood as [sustainable aviation](https://www.bloomberg.com/profile/company/MNELF:US) fuel (SAF), utilizing green hydrogen produced by an [electrolyser](https://www.pinterest.com.au/missionnewenergy/) powered by wind or solar power.<br>
+<br>Galp said in a [declaration](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it got on Wednesday the three [reactors](https://www.bloomberg.com/profile/company/MNELF:US) to [process](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) biofuels, which will permit the [HVO unit](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to "produce SAF and biodiesel in 2026 ... placing Galp at the leading edge of developing low-carbon services important for the energy shift".<br>
+<br>Galp is also investing 250 million euros in a 100 [megawatt](https://www.bloomberg.com/profile/company/MNELF:US) (MW) [electrolyser](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) system to produce green [hydrogen](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to power the [refinery](https://www.google.com/search?kgmid=/m/0cqd_rb) in Sines. ($1 = 0.9637 euros) ([Reporting](https://forest500.org/rankings/companies/mission-newenergy-limited) by Sergio Goncalves