Quelltext der Seite Portugal s Galp Plans To Start Producing Biofuels In 2025

<br>LISBON, Dec 19 (Reuters) - Portugal's Galp [https://pitchbook.com/profiles/company/51278-86 Energia anticipates] to [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 start producing] [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd biodiesel] and [https://www.investing.com/equities/mission-newenergy-ltd-company-profile biojet fuel] from waste in an industrial-scale unit it is [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price constructing] at its Sines [https://stocktwits.com/symbol/MNEL refinery] in 2026, the company, which is mainly an [https://stocktwits.com/symbol/MNEL oil manufacturer] and refiner, stated on Thursday.<br><br><br>In 2015 Galp got in into a 75%-25% [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 joint endeavor] with  Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm metric heaps] [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd annually].<br><br><br>It will change waste materials, such as [https://stocktwits.com/symbol/MNEL utilized cooking] oils, into eco-friendly [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ biodiesel] and biojet fuel, likewise referred to as sustainable air travel fuel (SAF), using [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 green hydrogen] produced by an [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html electrolyser] powered by wind or solar power.<br><br><br>Galp said in a statement it got on Wednesday the three reactors to [https://www.bloomberg.com/profile/company/MNELF:US process] biofuels, which will allow the [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 HVO unit] to "produce SAF and [https://www.google.com/search?kgmid=/m/0cqd_rb biodiesel] in 2026 ... positioning Galp at the forefront of establishing low-carbon options essential for the energy transition".<br><br><br>Galp is likewise [https://stocktwits.com/symbol/MNEL investing] 250 million euros in a 100 megawatt (MW) electrolyser unit to [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price produce] [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html green hydrogen] to power the [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 refinery] in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves;-RRB-