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<br>LISBON, Dec 19 (Reuters) [- Portugal's](https://forest500.org/rankings/companies/mission-newenergy-limited) [Galp Energia](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [anticipates](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to start producing [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [biojet fuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from waste in an industrial-scale unit it is [constructing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) at its [Sines refinery](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in 2026, the company, which is mostly an oil manufacturer and refiner, stated on Thursday.<br> |
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<br>Last year Galp got in into a 75%-25% joint venture with [Japan's Mitsui](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to invest 400 million euros ($415 million) in the Hydrogenated Vegetable Oil (HVO) plant, which will have a [production capability](https://www.crunchbase.com/organization/mission-newenergy) of 270,000 metric lots [annually](https://www.pinterest.com.au/missionnewenergy/).<br> |
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<br>It will change waste products, such as used cooking oils, into renewable [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and biojet fuel, likewise referred to as sustainable air travel fuel (SAF), using [green hydrogen](https://www.pinterest.com.au/missionnewenergy/) [produced](https://stocktwits.com/symbol/MNEL) by an powered by wind or [solar power](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br> |
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<br>Galp said in a declaration it received on Wednesday the 3 [reactors](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to [process](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) biofuels, which will allow the HVO system to "produce SAF and [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in 2026 ... putting Galp at the forefront of establishing low-carbon options important for the energy shift".<br> |
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<br>Galp is likewise [investing](https://www.crunchbase.com/organization/mission-newenergy) 250 million euros in a 100 [megawatt](https://www.pinterest.com.au/missionnewenergy/) (MW) electrolyser unit to produce green hydrogen to power the [refinery](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in Sines. ($1 = 0.9637 euros) ([Reporting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by Sergio Goncalves |
