Agro Diesel (India) Private Ltd
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Founded Date April 30, 1904
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Sectors Sales & Marketing
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Posted Jobs 0
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Company Description
Portugal’s Galp Plans to Start Producing Biofuels In 2025
LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia to start 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 mostly an oil producer and refiner, stated 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 lots annually.
It will transform waste products, such as utilized cooking oils, into sustainable biodiesel and biojet fuel, also referred to as sustainable air travel fuel (SAF), using green hydrogen produced by an electrolyser powered by wind or solar energy.
Galp said in a statement it received on Wednesday the 3 reactors to process biofuels, which will enable the HVO system to “produce SAF and biodiesel in 2026 … placing Galp at the leading edge of developing low-carbon solutions important for the energy transition”.
Galp is also investing 250 million euros in a 100 megawatt (MW) electrolyser unit to produce green hydrogen to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-