Oleovest Pl

Vue d'ensemble

  • Date de création octobre 18, 1913
  • Secteur Biomédical
  • Offres d'emploi 0
  • Consultés 118

Company Description

Portugal’s Galp Plans to Start Producing Biofuels In 2025

LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is developing at its Sines refinery in 2026, the company, which is mostly an oil producer and refiner, stated on Thursday.

In 2015 Galp got in 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 capacity of 270,000 metric lots each year.

It will change waste materials, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, also referred to as sustainable air travel fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.

Galp said in a declaration it received on Wednesday the three reactors to process biofuels, which will allow the HVO unit to « produce SAF and biodiesel in 2026 … positioning Galp at the forefront of establishing low-carbon services important for the energy transition ».

Galp is also investing 250 million euros in a 100 (MW) electrolyser unit to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-

 
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