Portuguese oil company Galp has teamed up with Japan’s Mitsui to invest €400 million in an industrial-scale plant to produce biodiesel and sustainable aviation fuel (SAF) from waste at its Sines refinery.
The companies will create a joint venture for the project, which will be 75% controlled by Galp, it said in a statement reported by Reuters.
Galp also said it had made a final decision to invest €250 million on its own in a 100 mega-watt (MW) electrolyser unit to produce green hydrogen to power the refinery.
It said that both plants would start operating in 2025.
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