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.investing.com/equities/mission-newenergy-ltd-company-profile) Galp Energia anticipates to begin [producing biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and biojet fuel from waste in an industrial-scale system it is developing at its Sines refinery in 2026, the company, which is mainly an oil [producer](https://www.bloomberg.com/profile/company/MNELF:US) and refiner, said on Thursday.<br>
+<br>In 2015 [Galp participated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in a 75%-25% [joint venture](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) with [Japan's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a [production capability](https://pitchbook.com/profiles/company/51278-86) of 270,000 metric lots each year.<br>
+<br>It will change waste materials, such as used [cooking](https://www.google.com/search?kgmid=/m/0cqd_rb) oils, into [sustainable biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and biojet fuel, also known as  travel fuel (SAF), using [green hydrogen](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [produced](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by an electrolyser powered by wind or [solar power](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
+<br>[Galp stated](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in a statement it got on Wednesday the three reactors to [process](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) biofuels, which will allow the [HVO unit](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to "produce SAF and [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in 2026 ... placing Galp at the leading edge of developing low-carbon services necessary for the energy transition".<br>
+<br>Galp is likewise [investing](https://www.pinterest.com.au/missionnewenergy/) 250 million euros in a 100 [megawatt](https://www.google.com/search?kgmid=/m/0cqd_rb) (MW) [electrolyser unit](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to produce [green hydrogen](https://www.bloomberg.com/profile/company/MNELF:US) to power the [refinery](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves