PT Sinergi Oleo Nusantara
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Founded Date October 26, 1930
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Sectors Restaurant / Food Services
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Posted Jobs 0
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Viewed 83
Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia expects to begin producing biodiesel and biojet fuel from waste in an industrial-scale system it is constructing at its Sines refinery in 2026, the business, which is mainly an oil producer and refiner, said on Thursday.
Last year Galp participated in a 75%-25% joint venture with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 metric heaps per year.
It will transform waste products, such as utilized cooking oils, into renewable biodiesel and biojet fuel, also called sustainable aviation fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar power.
Galp said in a declaration it got on Wednesday the three reactors to process biofuels, which will enable the to “produce SAF and biodiesel in 2026 … placing Galp at the leading edge of developing low-carbon solutions necessary for the energy shift”.
Galp is likewise investing 250 million euros in a 100 megawatt (MW) electrolyser system to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-
