Galp Energia to start producing biofuels by 2026

Portugal’s Galp Energia, which operates as an oil producer and refiner, expects to start producing biodiesel and biojet fuel from waste in an industrial-scale unit to be built at its Sinesh refinery in 2026, Reuters said on Thursday, citing a statement from the company.

Last year, Galp formed a joint venture with Japan’s Mitsui, each with a 75%-25% stake, to invest €400 million ($415 million) in a hydrogenated vegetable oil (HVO) plant with a capacity of 270,000 metric tons per year.

It will convert waste products such as waste cooking oil into renewable biodiesel and biojet fuel, also known as sustainable aviation fuel (SAF), using green hydrogen produced by electrolyzers powered by wind or solar energy.