From 23ea82530f7498e8cce6bb6072e45fb259d695b4 Mon Sep 17 00:00:00 2001 From: deangelobowes7 Date: Sat, 18 Jan 2025 04:53:04 +0100 Subject: [PATCH] Add 'Portugal's Galp Plans to Start Producing Biofuels In 2025' --- ...gal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md | 5 +++++ 1 file changed, 5 insertions(+) create mode 100644 Portugal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md diff --git a/Portugal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md b/Portugal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md new file mode 100644 index 0000000..fb558b5 --- /dev/null +++ b/Portugal%27s-Galp-Plans-to-Start-Producing-Biofuels-In-2025.md @@ -0,0 +1,5 @@ +
LISBON, Dec 19 (Reuters) Galp Energia anticipates to [start producing](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and [biojet fuel](https://www.zoominfo.com/c/mission-newenergy/346542889) from waste in an industrial-scale unit it is [developing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) at its [Sines refinery](https://www.businessnews.com.au/Company/Mission-NewEnergy) in 2026, the company, which is primarily an [oil producer](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and refiner, said on Thursday.
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Last year Galp got in into a 75%-25% [joint endeavor](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 Mitsui](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 metric tons annually.
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It will change waste materials, such as utilized cooking oils, into sustainable [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and biojet fuel, likewise referred to as [sustainable air](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) travel fuel (SAF), utilizing green hydrogen [produced](https://www.businessnews.com.au/Company/Mission-NewEnergy) by an electrolyser powered by wind or solar energy.
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Galp stated in a statement it [received](https://www.google.com/search?kgmid=/m/0cqd_rb) on Wednesday the three reactors to [process](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) biofuels, which will enable the HVO unit to "produce SAF and [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in 2026 ... positioning Galp at the leading edge of establishing low-carbon services vital for the energy transition".
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Galp is also [investing](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 250 million euros in a 100 [megawatt](https://pitchbook.com/profiles/company/51278-86) (MW) [electrolyser](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) system to [produce green](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [hydrogen](https://www.crunchbase.com/organization/mission-newenergy) to power the [refinery](https://pitchbook.com/profiles/company/51278-86) in Sines. ($1 = 0.9637 euros) ([Reporting](https://pitchbook.com/profiles/company/51278-86) by Sergio Goncalves \ No newline at end of file