- In this collaboration, Galp holds a 75% stake and Mitsui owns 25%
- The production work is expected to commence by the end of 2025
Galp and Mitsui have made a joint venture (JV) to develop renewable diesel and sustainable aviation fuel (SAF) capacity at Galp’s existing refinery in Sines, Portugal.
The biorefinery unit will be able to produce 270,000 tons of renewable diesel and SAF per year from waste residue feedstocks, such as used cooking oil and animal fats.
The biorefinery constructed at the Sines site will be capable of switching between renewable diesel and SAF modes.
With this joint venture (JV), Galp will be holding a 75% stake and Mitsui owning 25%. Mitsui will assume responsibility for the complete biofuels value chain, including sourcing feedstocks from Asia and managing product sales. Galp, on the other hand, will be in charge of operating the biorefinery.
The production work is expected to commence by the end of 2025, with commercial operations scheduled to begin in 2026.
Galp has recently shared a plan for a proposed project to construct a 100-megawatt (MW) electrolysis plant at the Sines refinery to produce up to 15,000 tons per year of renewable hydrogen. Plug Power secured the contract for 100 MW proton exchange membrane (PEM) electrolysers, with Technip Energies is the primary provider for engineering, procurement, construction, and management (EPCM) services.