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](https://www.pinterest.com.au/missionnewenergy/) expects to start producing biodiesel and [biojet fuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from waste in an [industrial-scale](https://www.businessnews.com.au/Company/Mission-NewEnergy) system it is building at its Sines refinery in 2026, the business, which is primarily an oil [producer](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) and refiner, said on Thursday.<br>
+<br>In 2015 Galp got in into a 75%-25% [joint venture](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) with [Japan's](https://stocktwits.com/symbol/MNEL) Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Vegetable](https://pitchbook.com/profiles/company/51278-86) Oil (HVO) plant, which will have a  of 270,000 metric tons annually.<br>
+<br>It will [transform waste](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) products, such as used [cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oils, into [renewable biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and biojet fuel, also called [sustainable aviation](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel (SAF), using [green hydrogen](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [produced](https://www.crunchbase.com/organization/mission-newenergy) by an [electrolyser](https://pitchbook.com/profiles/company/51278-86) powered by wind or [solar power](https://stocktwits.com/symbol/MNEL).<br>
+<br>Galp said in a statement it got on Wednesday the 3 reactors to process biofuels, which will permit the HVO system to "produce SAF and [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2026 ... positioning Galp at the forefront of developing low-carbon solutions essential for the energy shift".<br>
+<br>Galp is also [investing](https://www.businessnews.com.au/Company/Mission-NewEnergy) 250 million euros in a 100 megawatt (MW) electrolyser system to produce green [hydrogen](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to power the [refinery](https://www.businessnews.com.au/Company/Mission-NewEnergy) in Sines. ($1 = 0.9637 euros) ([Reporting](https://stocktwits.com/symbol/MNEL) by Sergio Goncalves