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.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) [Galp Energia](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) expects to begin producing [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and [biojet fuel](https://www.google.com/search?kgmid=/m/0cqd_rb) from waste in an [industrial-scale unit](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) it is [developing](https://www.crunchbase.com/organization/mission-newenergy) at its [Sines refinery](https://www.bloomberg.com/profile/company/MNELF:US) in 2026, the business, which is mainly an oil manufacturer and refiner, said on Thursday.<br>
+<br>In 2015 Galp participated in a 75%-25% joint endeavor with Japan's Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Grease](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) (HVO) plant, which will have a [production capacity](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of 270,000 metric lots per year.<br>
+<br>It will change waste products, such as [utilized cooking](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) oils, into [renewable](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) [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and biojet fuel, likewise referred to as sustainable air [travel fuel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) (SAF), using green hydrogen [produced](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by an [electrolyser](https://www.bloomberg.com/profile/company/MNELF:US) powered by wind or solar power.<br>
+<br>Galp stated in a declaration it got on Wednesday the 3 reactors to process biofuels, which will permit the [HVO unit](https://www.zoominfo.com/c/mission-newenergy/346542889) to "produce SAF and [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in 2026 ... positioning Galp at the forefront of establishing low-carbon solutions necessary for the energy shift".<br>
+<br>Galp is likewise  250 million euros in a 100 megawatt (MW) electrolyser unit to [produce](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [green hydrogen](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to power the [refinery](https://www.businessnews.com.au/Company/Mission-NewEnergy) in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by Sergio Goncalves