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 Galp Energia anticipates to begin producing [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [biojet fuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from waste in an [industrial-scale unit](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it is [building](https://www.bloomberg.com/profile/company/MNELF:US) at its Sines refinery in 2026, the business, which is primarily an [oil manufacturer](https://www.zoominfo.com/c/mission-newenergy/346542889) and refiner, stated on Thursday.<br>
+<br>Last year Galp entered into a 75%-25% [joint endeavor](https://www.businessnews.com.au/Company/Mission-NewEnergy) with [Japan's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Grease](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) (HVO) plant, which will have a [production capacity](https://www.crunchbase.com/organization/mission-newenergy) of 270,000 [metric heaps](https://www.bloomberg.com/profile/company/MNELF:US) per year.<br>
+<br>It will transform waste materials, such as utilized cooking oils, into [eco-friendly](https://www.businessnews.com.au/Company/Mission-NewEnergy) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) and biojet fuel, also called sustainable air travel fuel (SAF), using [green hydrogen](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) produced by an electrolyser powered by wind or solar energy.<br>
+<br>Galp stated in a [declaration](https://www.zoominfo.com/c/mission-newenergy/346542889) it got on Wednesday the three [reactors](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to [process](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) biofuels, which will permit the [HVO unit](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to "produce SAF and [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in 2026 ... positioning Galp at the leading edge of developing low-carbon services vital for the energy transition".<br>
+<br>Galp is also [investing](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 250 million euros in a 100 megawatt (MW)  system to produce green hydrogen to power the [refinery](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) in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.bloomberg.com/profile/company/MNELF:US) by Sergio Goncalves