Mission Biotechnologies Sdn. Bhd
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Founded Date July 30, 2012
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Sectors Healthcare
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Posted Jobs 0
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Viewed 64
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 from waste in an industrial-scale system it is constructing at its Sines refinery in 2026, the company, which is primarily an oil producer and refiner, said on Thursday.
Last year Galp got in 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 loads annually.
It will change waste products, such as used cooking oils, into sustainable biodiesel and biojet fuel, also known as sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a declaration it received on Wednesday the 3 reactors to process biofuels, which will permit the HVO system to “produce SAF and biodiesel in 2026 … placing Galp at the leading edge 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;-RRB-