LISBON, Dec 19 (Reuters) - Portugal's Galp Energia anticipates to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is building 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% joint venture with Japan's Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a production capacity of 270,000 metric loads annually.
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It will transform waste materials, such as used cooking oils, into eco-friendly biodiesel and biojet fuel, also known as sustainable aviation fuel (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.
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Galp stated in a statement it received on Wednesday the 3 reactors to process biofuels, which will permit the HVO unit to "produce SAF and biodiesel in 2026 ... placing Galp at the forefront of establishing low-carbon options vital 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-