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://pitchbook.com/profiles/company/51278-86) [Galp Energia](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [expects](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to begin producing [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and biojet fuel from waste in an industrial-scale system it is [developing](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) at its Sines refinery in 2026, the business, which is mainly an [oil manufacturer](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and refiner, said on Thursday.<br>
+<br>Last year [Galp participated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in a 75%-25% [joint endeavor](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of 270,000 metric tons [annually](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>It will change waste products, such as used cooking oils, into sustainable [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) and biojet fuel, likewise referred to as [sustainable aviation](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel (SAF), using green hydrogen produced by an [electrolyser](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) powered by wind or solar power.<br>
+<br>Galp stated in a declaration it received on Wednesday the 3 [reactors](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to [process](https://www.crunchbase.com/organization/mission-newenergy) 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 ... positioning Galp at the leading edge of establishing low-carbon services important for the energy transition".<br>
+<br>Galp is also investing 250 million euros in a 100 [megawatt](https://stocktwits.com/symbol/MNEL) (MW) electrolyser unit to [produce green](https://pitchbook.com/profiles/company/51278-86)  to power the [refinery](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by Sergio Goncalves