M2 Capital Sdn. Bhd

Visión general

  • Fecha de fundación 5 de mayo de 1912
  • Sectores EdTech
  • Puestos de trabajo 0
  • Visitado 5

Descripción de la empresa

Portugal’s Galp Plans to Start Producing Biofuels In 2025

LISBON, Dec 19 (Reuters) – Portugal’s Galp Energia anticipates 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 primarily an oil manufacturer and refiner, stated on Thursday.

Last year Galp participated in a 75%-25% with Japan’s Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capacity of 270,000 metric heaps each year.

It will change waste materials, such as used cooking oils, into eco-friendly biodiesel and biojet fuel, likewise referred to as sustainable air travel fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.

Galp stated in a statement it got on Wednesday the 3 reactors to process biofuels, which will allow the HVO system to «produce SAF and biodiesel in 2026 … putting Galp at the leading edge of establishing low-carbon services important for the energy shift».

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-