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](https://www.businessnews.com.au/Company/Mission-NewEnergy) [anticipates](https://www.google.com/search?kgmid=/m/0cqd_rb) to [start producing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and [biojet fuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from waste in an industrial-scale system it is developing at its Sines refinery in 2026, the business, which is primarily an oil manufacturer and refiner, stated on Thursday.<br>
+<br>Last year [Galp participated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in a 75%-25% [joint endeavor](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with [Japan's Mitsui](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to invest 400 million euros ($415 million) in the [Hydrogenated Vegetable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Oil (HVO) plant, which will have a [production capacity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of 270,000 metric loads each year.<br>
+<br>It will change waste products, such as used cooking oils, into [sustainable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) and biojet fuel, also referred to as  travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar power.<br>
+<br>Galp stated in a [statement](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) it got on Wednesday the 3 reactors to [process](https://www.google.com/search?kgmid=/m/0cqd_rb) biofuels, which will enable the [HVO unit](https://www.crunchbase.com/organization/mission-newenergy) to "produce SAF and [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2026 ... placing Galp at the leading edge of establishing low-carbon solutions important for the energy transition".<br>
+<br>Galp is also [investing](https://www.businessnews.com.au/Company/Mission-NewEnergy) 250 million euros in a 100 megawatt (MW) [electrolyser](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) system to produce green [hydrogen](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to power the [refinery](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves