PT Sinergi Oleo Nusantara
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Founded Date July 14, 2007
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Sectors Telecom
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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 anticipates to begin producing biodiesel and biojet fuel from waste in an industrial-scale unit 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 each year.
It will change waste products, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, likewise understood as sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a statement it received on Wednesday the 3 reactors to process biofuels, which will enable the HVO system to “produce SAF and biodiesel in 2026 … putting Galp at the leading edge of establishing low-carbon options necessary for the energy shift”.
Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-