New Portuguese Biodiesel Plant Gets the Green Light
08.03.2023 By Tank Terminals - NEWS

August 3, 2023 [Biofuels Internationals]- Portugal’s environment regulator has approved a project by Galp to produce biodiesel and SAF using cooking oils at its Sines refinery.

Galp aims to build a Hydrogenated Vegetable Oil (HVO) plant, with an initial investment of €269 million at its refinery south of Lisbon, where it plans to install its first 100-megawatt (MW) green hydrogen unit.
The green light from the regulator is essential for the company to take a final investment decision, Reuters reported.
Galp wants to accelerate its decarbonisation processes and plans to allocate around 50% of its capital expenditure to low-carbon activities through 2025.
In a statement, Portugal’s APA environment agency said its favourable decision took into account “the identified negative impacts, generally possible to be minimised, and the expected positive impacts”.
The agency noted that the project aimed to transform waste materials, such as used cooking oils and animal fats “into fuels for current use, of renewable origin, namely biodiesel and biojet”, also known as sustainable aviation fuel (SAF).
The plant will have a maximum production capacity of 262,700 tons per year of biodiesel and 193,000 annual tons of biojet and other products, also from renewable sources, APA added.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More