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<br>LISBON, Dec 19 (Reuters) - Portugal's Galp [Energia expects](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is [developing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) at its [Sines refinery](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in 2026, the company, which is mainly an oil producer and refiner, said on Thursday.<br> |
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<br>In 2015 [Galp participated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in a 75%-25% joint endeavor with [Japan's](https://pitchbook.com/profiles/company/51278-86) Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Grease](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) (HVO) plant, which will have a [production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capability of 270,000 metric tons annually.<br> |
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<br>It will [transform waste](https://stocktwits.com/symbol/MNEL) products, such as [utilized cooking](https://pitchbook.com/profiles/company/51278-86) oils, into sustainable [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) and biojet fuel, also referred to as [sustainable aviation](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) fuel (SAF), using green hydrogen [produced](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by an [electrolyser](https://www.businessnews.com.au/Company/Mission-NewEnergy) powered by wind or solar power.<br> |
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<br>Galp stated in a [statement](https://pitchbook.com/profiles/company/51278-86) it got on Wednesday the 3 [reactors](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [process](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) biofuels, which will permit the HVO system to "produce SAF and [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in 2026 ... placing Galp at the leading edge of establishing low-carbon options essential for the energy transition".<br> |
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<br>Galp is also investing 250 million euros in a 100 megawatt (MW) [electrolyser](https://www.bloomberg.com/profile/company/MNELF:US) system to [produce green](https://www.crunchbase.com/organization/mission-newenergy) [hydrogen](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to power the in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.google.com/search?kgmid=/m/0cqd_rb) by Sergio Goncalves |
