|
|
|
@ -0,0 +1,5 @@ |
|
|
|
<br>LISBON, Dec 19 (Reuters) - Portugal's [Galp Energia](https://www.crunchbase.com/organization/mission-newenergy) expects to begin [producing biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and biojet fuel from waste in an industrial-scale unit it is [constructing](https://www.pinterest.com.au/missionnewenergy/) at its [Sines refinery](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in 2026, the company, which is mostly an [oil producer](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and refiner, said on Thursday.<br> |
|
|
|
<br>In 2015 Galp [participated](https://forest500.org/rankings/companies/mission-newenergy-limited) in a 75%-25% joint endeavor with Japan's Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a capability of 270,000 metric lots annually.<br> |
|
|
|
<br>It will transform waste materials, such as used [cooking](https://www.pinterest.com.au/missionnewenergy/) 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, likewise called [sustainable air](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) [travel fuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) (SAF), using green hydrogen produced by an [electrolyser](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) powered by wind or [solar power](https://www.zoominfo.com/c/mission-newenergy/346542889).<br> |
|
|
|
<br>Galp said in a [declaration](https://pitchbook.com/profiles/company/51278-86) it got on Wednesday the 3 [reactors](https://www.zoominfo.com/c/mission-newenergy/346542889) to [process](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) biofuels, which will permit the [HVO unit](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to "produce SAF and [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2026 ... putting Galp at the leading edge of developing low-carbon options necessary for the energy transition".<br> |
|
|
|
<br>Galp is likewise [investing](https://www.businessnews.com.au/Company/Mission-NewEnergy) 250 million euros in a 100 megawatt (MW) [electrolyser unit](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to produce green hydrogen to power the [refinery](https://www.businessnews.com.au/Company/Mission-NewEnergy) in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves |
