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  to start producing [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and [biojet fuel](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) from waste in an industrial-scale system it is [developing](https://pitchbook.com/profiles/company/51278-86) at its Sines refinery in 2026, the company, which is mostly an [oil producer](https://stocktwits.com/symbol/MNEL) and refiner, said on Thursday.<br>
+<br>Last year Galp entered into a 75%-25% joint venture with [Japan's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Grease](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) (HVO) plant, which will have a production capability of 270,000 metric heaps each year.<br>
+<br>It will transform waste materials, such as [utilized](https://www.zoominfo.com/c/mission-newenergy/346542889) cooking oils, into renewable [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and biojet fuel, likewise [referred](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to as [sustainable air](https://stocktwits.com/symbol/MNEL) travel fuel (SAF), utilizing green [hydrogen produced](https://forest500.org/rankings/companies/mission-newenergy-limited) by an [electrolyser](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) powered by wind or [solar energy](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Galp stated in a statement it got on Wednesday the three [reactors](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to [process](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) 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 leading edge of developing low-carbon solutions necessary for the energy shift".<br>
+<br>Galp is likewise [investing](https://www.google.com/search?kgmid=/m/0cqd_rb) 250 million euros in a 100 [megawatt](https://www.crunchbase.com/organization/mission-newenergy) (MW) electrolyser unit to produce green [hydrogen](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to power the [refinery](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by Sergio Goncalves