View source for Portugal s Galp Plans To Start Producing Biofuels In 2025

<br>LISBON, Dec 19 (Reuters) - Portugal's Galp Energia [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price expects] to [https://forest500.org/rankings/companies/mission-newenergy-limited start producing] [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] and [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html biojet fuel] from waste in an [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html industrial-scale unit] it is [https://www.pinterest.com.au/missionnewenergy/ constructing] at its [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 Sines refinery] in 2026, the company, which is primarily an oil [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm producer] and refiner, said on Thursday.<br><br><br>Last year Galp got in into a 75%-25% [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ joint endeavor] with [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 Japan's Mitsui] to invest 400 million euros ($415 million) in the [https://www.businessnews.com.au/Company/Mission-NewEnergy Hydrogenated Vegetable] Oil (HVO) plant, which will have a  of 270,000 metric heaps each year.<br><br><br>It will transform waste materials, such as utilized cooking oils, into [https://www.businessnews.com.au/Company/Mission-NewEnergy renewable biodiesel] and biojet fuel, also [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 referred] to as sustainable air [https://www.crunchbase.com/organization/mission-newenergy travel fuel] (SAF), utilizing green hydrogen produced by an electrolyser powered by wind or solar energy.<br> <br><br>Galp stated in a [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm statement] it [https://www.google.com/search?kgmid=/m/0cqd_rb received] on Wednesday the three reactors to process biofuels, which will allow the HVO system to "produce SAF and [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ biodiesel] in 2026 ... putting Galp at the forefront of establishing low-carbon options essential for the energy shift".<br><br><br>Galp is likewise [https://www.google.com/search?kgmid=/m/0cqd_rb investing] 250 million euros in a 100 [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html megawatt] (MW) electrolyser unit to produce green [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ hydrogen] to power the [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 refinery] in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-