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 Galp Energia anticipates to begin [producing](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd)  and [biojet fuel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from waste in an industrial-scale system it is building at its Sines refinery in 2026, the business, which is mainly an [oil manufacturer](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and refiner, stated on Thursday.<br>
+<br>In 2015 [Galp participated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in a 75%-25% [joint endeavor](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) with [Japan's](https://www.zoominfo.com/c/mission-newenergy/346542889) Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production [capability](https://www.crunchbase.com/organization/mission-newenergy) of 270,000 metric tons each year.<br>
+<br>It will [transform waste](https://forest500.org/rankings/companies/mission-newenergy-limited) products, such as [utilized cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oils, into [sustainable biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) and biojet fuel, also [referred](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to as [sustainable air](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [travel fuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) (SAF), [utilizing green](https://forest500.org/rankings/companies/mission-newenergy-limited) hydrogen produced by an electrolyser powered by wind or solar energy.<br>
+<br>[Galp stated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in a declaration it received on Wednesday the 3 [reactors](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to [process](https://pitchbook.com/profiles/company/51278-86) biofuels, which will allow the HVO system to "produce SAF and [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in 2026 ... placing Galp at the forefront of establishing low-carbon services important for the energy transition".<br>
+<br>Galp is also investing 250 million euros in a 100 [megawatt](https://www.bloomberg.com/profile/company/MNELF:US) (MW) electrolyser system to produce green [hydrogen](https://forest500.org/rankings/companies/mission-newenergy-limited) to power the [refinery](https://www.businessnews.com.au/Company/Mission-NewEnergy) in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves