|
|
|
@ -0,0 +1,5 @@ |
|
|
|
<br>LISBON, Dec 19 (Reuters) [Galp Energia](https://www.pinterest.com.au/missionnewenergy/) expects to begin [producing biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and [biojet fuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from waste in an industrial-scale unit it is [building](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) at its Sines refinery in 2026, the business, which is primarily an [oil manufacturer](https://stocktwits.com/symbol/MNEL) and refiner, stated on Thursday.<br> |
|
|
|
<br>Last year [Galp participated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in a 75%-25% joint endeavor with [Japan's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a production capability of 270,000 [metric heaps](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) per year.<br> |
|
|
|
<br>It will change waste products, such as used [cooking](https://stocktwits.com/symbol/MNEL) oils, into [renewable biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and biojet fuel, also called [sustainable air](https://www.bloomberg.com/profile/company/MNELF:US) travel fuel (SAF), using green hydrogen [produced](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by an [electrolyser](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) powered by wind or [solar power](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).<br> |
|
|
|
<br>Galp said in a statement it received on Wednesday the 3 [reactors](https://www.zoominfo.com/c/mission-newenergy/346542889) to process biofuels, which will permit the HVO unit to "produce SAF and [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in 2026 ... putting Galp at the leading edge of developing low-carbon services important for the energy transition".<br> |
|
|
|
<br>Galp is also investing 250 million euros in a 100 [megawatt](https://forest500.org/rankings/companies/mission-newenergy-limited) (MW) [electrolyser](https://www.google.com/search?kgmid=/m/0cqd_rb) system to [produce green](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [hydrogen](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to power the [refinery](https://stocktwits.com/symbol/MNEL) in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves |
xxxxxxxxxx