LISBON, Dec 19 (Reuters) - Portugal's Galp Energia expects to start producing biodiesel and biojet fuel from waste in an system it is building at its Sines refinery in 2026, the business, which is mostly an oil producer and refiner, said on Thursday.
Last year Galp participated in a 75%-25% joint venture with Japan's Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 metric heaps annually.
It will transform waste products, such as used cooking oils, into eco-friendly biodiesel and biojet fuel, also understood as sustainable air travel fuel (SAF), using 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 enable the HVO system to "produce SAF and biodiesel in 2026 ... positioning Galp at the leading edge of developing low-carbon options important for the energy transition".
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
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Portugal's Galp Plans to Start Producing Biofuels In 2025
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