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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Galp Energia](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) anticipates to [start producing](https://www.google.com/search?kgmid=/m/0cqd_rb) [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 company, which is primarily an oil producer and refiner, said on Thursday.<br>
+<br>Last year [Galp participated](https://www.crunchbase.com/organization/mission-newenergy) in a 75%-25% [joint venture](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) with [Japan's Mitsui](https://www.crunchbase.com/organization/mission-newenergy) to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a [production](https://forest500.org/rankings/companies/mission-newenergy-limited) [capability](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of 270,000 metric tons each year.<br>
+<br>It will change waste materials, such as utilized cooking oils, into eco-friendly [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and biojet fuel, also understood as sustainable aviation fuel (SAF), utilizing green hydrogen [produced](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by an [electrolyser](https://forest500.org/rankings/companies/mission-newenergy-limited) powered by wind or [solar energy](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Galp said in a declaration it got on Wednesday the 3 [reactors](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [process](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) biofuels, which will enable the HVO system to "produce SAF and [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in 2026 ... putting Galp at the forefront of establishing low-carbon solutions essential for the energy shift".<br>
+<br>Galp is likewise [investing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 250 million euros in a 100 megawatt (MW) electrolyser unit to [produce](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [green hydrogen](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to power the [refinery](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in Sines. ($1 = 0.9637 euros) ( by Sergio Goncalves