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](https://stocktwits.com/symbol/MNEL) anticipates to [start producing](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [biodiesel](https://www.pinterest.com.au/missionnewenergy/) and biojet fuel from waste in an industrial-scale system it is developing at its [Sines refinery](https://stocktwits.com/symbol/MNEL) in 2026, the company, which is mainly an oil [producer](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and refiner, stated on Thursday.<br>
+<br>Last year Galp got in into a 75%-25% [joint venture](https://stocktwits.com/symbol/MNEL) with [Japan's Mitsui](https://www.businessnews.com.au/Company/Mission-NewEnergy) to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a [production capacity](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of 270,000 metric tons each year.<br>
+<br>It will [transform waste](https://pitchbook.com/profiles/company/51278-86) materials, such as [utilized cooking](https://pitchbook.com/profiles/company/51278-86) oils, into [renewable](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and biojet fuel, also understood as [sustainable air](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) travel fuel (SAF), using green hydrogen [produced](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by an [electrolyser](https://www.zoominfo.com/c/mission-newenergy/346542889) powered by wind or .<br>
+<br>Galp said in a statement it [received](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) on Wednesday the three reactors to process biofuels, which will allow the HVO system to "produce SAF and [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2026 ... placing Galp at the leading edge of establishing low-carbon services vital for the energy shift".<br>
+<br>Galp is also investing 250 million euros in a 100 [megawatt](https://forest500.org/rankings/companies/mission-newenergy-limited) (MW) electrolyser system to [produce green](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) hydrogen to power the [refinery](https://www.pinterest.com.au/missionnewenergy/) in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by Sergio Goncalves