From 6e79e87bc2f2ebd72a2d53e8ee08674e1586e080 Mon Sep 17 00:00:00 2001
From: Annette Fortney <megancogburn@emailexpo.space>
Date: Sat, 11 Jan 2025 16:18:35 +0100
Subject: [PATCH]

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+<br>LISBON, Dec 19 (Reuters) - Portugal's Galp [Energia](https://forest500.org/rankings/companies/mission-newenergy-limited) [anticipates](https://forest500.org/rankings/companies/mission-newenergy-limited) to [start producing](https://www.crunchbase.com/organization/mission-newenergy) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) and biojet fuel from waste in an [industrial-scale](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) system it is building at its Sines refinery in 2026, the business, which is mainly an [oil producer](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and refiner, stated on Thursday.<br>
+<br>Last year Galp participated in a 75%-25% [joint endeavor](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) with [Japan's](https://www.google.com/search?kgmid=/m/0cqd_rb) Mitsui to invest 400 million euros ($415 million) in the [Hydrogenated Grease](https://forest500.org/rankings/companies/mission-newenergy-limited) (HVO) plant, which will have a [production](https://www.businessnews.com.au/Company/Mission-NewEnergy) [capacity](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of 270,000 metric lots per year.<br>
+<br>It will [transform waste](https://stocktwits.com/symbol/MNEL) materials, such as [utilized cooking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oils, into  and biojet fuel, also called [sustainable aviation](https://www.bloomberg.com/profile/company/MNELF:US) fuel (SAF), using [green hydrogen](https://stocktwits.com/symbol/MNEL) produced by an [electrolyser](https://www.google.com/search?kgmid=/m/0cqd_rb) powered by wind or solar power.<br>
+<br>Galp said in a [declaration](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it got on Wednesday the 3 reactors to process biofuels, which will enable the HVO system to "produce SAF and [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in 2026 ... putting Galp at the leading edge of developing low-carbon solutions vital for the energy transition".<br>
+<br>Galp is also [investing](https://stocktwits.com/symbol/MNEL) 250 million euros in a 100 megawatt (MW) electrolyser unit to [produce](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](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to power the refinery in Sines. ($1 = 0.9637 euros) (Reporting by Sergio Goncalves
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