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

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

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+<br>LISBON, Dec 19 (Reuters) [- Portugal's](https://www.pinterest.com.au/missionnewenergy/) Galp Energia anticipates to begin [producing biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) and biojet fuel 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, stated on Thursday.<br>
+<br>In 2015 Galp entered into a 75%-25% [joint endeavor](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) with  Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a [production capability](https://forest500.org/rankings/companies/mission-newenergy-limited) of 270,000 metric loads each year.<br>
+<br>It will transform waste products, such as used cooking oils, into renewable [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and biojet fuel, likewise [referred](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to as sustainable air travel fuel (SAF), using [green hydrogen](https://www.businessnews.com.au/Company/Mission-NewEnergy) [produced](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by an [electrolyser](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) powered by wind or [solar power](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>[Galp stated](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) in a [declaration](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it [received](https://pitchbook.com/profiles/company/51278-86) on Wednesday the 3 [reactors](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to process biofuels, which will allow the HVO unit to "produce SAF and [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in 2026 ... placing Galp at the forefront of establishing low-carbon options essential for the energy transition".<br>
+<br>Galp is also [investing](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 250 million euros in a 100 [megawatt](https://www.zoominfo.com/c/mission-newenergy/346542889) (MW) [electrolyser](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) system to produce green [hydrogen](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power the [refinery](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.bloomberg.com/profile/company/MNELF:US) by Sergio Goncalves