PT Sinergi Oleo Nusantara
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Founded Date October 27, 2012
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Sectors Sales & Marketing
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Posted Jobs 0
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Viewed 317
Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia expects to begin producing biodiesel and biojet fuel from waste in an industrial-scale unit it is constructing at its Sines refinery in 2026, the company, which is primarily an oil producer and refiner, stated on Thursday.
In 2015 Galp got in into a 75%-25% joint venture with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a production capability of 270,000 metric lots per year.
It will transform waste products, such as utilized cooking oils, into eco-friendly biodiesel and biojet fuel, likewise as sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a statement it received on Wednesday the 3 reactors to process biofuels, which will allow the HVO unit to “produce SAF and biodiesel in 2026 … positioning Galp at the leading edge of establishing low-carbon options vital for the energy shift”.
Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-
