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

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

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

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<br>LISBON, Dec 19 (Reuters) - Portugal's [Galp Energia](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [expects](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to begin [producing](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and biojet fuel from waste in an [industrial-scale](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) system it is developing at its [Sines refinery](https://www.google.com/search?kgmid=/m/0cqd_rb) in 2026, the company, which is mainly an oil [producer](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and refiner, stated on Thursday.<br>
<br>In 2015 Galp got in into a 75%-25% joint endeavor with Japan's Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Vegetable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Oil (HVO) plant, which will have a [production capacity](https://forest500.org/rankings/companies/mission-newenergy-limited) of 270,000 [metric heaps](https://www.businessnews.com.au/Company/Mission-NewEnergy) each year.<br>
<br>It will change waste materials, such as utilized cooking oils, into sustainable [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and biojet fuel, likewise called [sustainable aviation](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) fuel (SAF), [utilizing green](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) hydrogen produced by an electrolyser powered by wind or [solar power](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Galp stated in a [declaration](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it [received](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) on Wednesday the three to [process](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) biofuels, which will allow the HVO system to "produce SAF and [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in 2026 ... putting Galp at the forefront of establishing low-carbon options necessary for the energy shift".<br>
<br>Galp is likewise [investing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 250 million euros in a 100 megawatt (MW) electrolyser unit to produce green [hydrogen](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to power the refinery in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by Sergio Goncalves
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