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<br>LISBON, Dec 19 (Reuters) [- Portugal's](https://www.bloomberg.com/profile/company/MNELF:US) Galp Energia anticipates to begin producing [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and biojet fuel from waste in an [industrial-scale unit](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it is [building](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) at its Sines [refinery](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2026, the business, which is mostly an oil [producer](https://www.crunchbase.com/organization/mission-newenergy) and refiner, said on Thursday.<br> |
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<br>In 2015 Galp [participated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in a 75%-25% [joint venture](https://www.pinterest.com.au/missionnewenergy/) with [Japan's](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) Mitsui to invest 400 million euros ($415 million) in the Hydrogenated Grease (HVO) plant, which will have a production capability of 270,000 metric loads annually.<br> |
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<br>It will transform waste materials, such as utilized cooking oils, into renewable and biojet fuel, likewise [understood](https://forest500.org/rankings/companies/mission-newenergy-limited) as [sustainable air](https://www.google.com/search?kgmid=/m/0cqd_rb) [travel fuel](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) (SAF), [utilizing green](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) hydrogen [produced](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) by an electrolyser powered by wind or solar power.<br> |
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<br>Galp stated in a declaration it [received](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) on Wednesday the 3 reactors to process biofuels, which will enable the [HVO unit](https://stocktwits.com/symbol/MNEL) to "produce SAF and [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in 2026 ... putting Galp at the forefront of establishing low-carbon solutions necessary for the energy shift".<br> |
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<br>Galp is also [investing](https://www.bloomberg.com/profile/company/MNELF:US) 250 million euros in a 100 megawatt (MW) electrolyser unit to produce green [hydrogen](https://www.zoominfo.com/c/mission-newenergy/346542889) to power the [refinery](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in Sines. ($1 = 0.9637 euros) ([Reporting](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) by Sergio Goncalves |
