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  • Final Investment Decision on Green Hydrogen and HVO/SAF projects at Sines refinery
    édité le 25/09/2023 - Plus de news de "GALP" - Voir la fiche entreprise de "GALP"


Final Investment Decision on Green Hydrogen and HVO/SAF projects at Sines refinery
Galp has taken the final investment decision on two large scale projects to reduce the carbon footprint of the Sines refinery and of its products.

The projects include a 270 ktpa advanced biofuels unit, in partnership with Mitsui, and 100 MW of electrolysers for the production of green hydrogen. Both units are expected to have its first start up during 2025.

Paula Amorim, Chairwoman:
“These projects are some of the largest of their kind, representing an overall investment of c.€650 m. This is a significant contribution to the launch of the new industries of the future in Portugal, placing Galp at the forefront of the development of low carbon solutions necessary for the energy transition. The decisions are based on the expectation that the fiscal and regulatory developments in Portugal will not hinder the success of such large-scale investments.”

Advanced biofuels unit

Galp and Mitsui are joining forces to produce and market advanced biofuels from Sines by creating a 75/25 joint venture (JV) and invest in a large scale 270 ktpa unit adjacent to the Sines refinery.

The unit will use waste residues to produce renewable diesel (hydrotreated vegetable oil - HVO) and sustainable aviation fuel (SAF), allowing to avoid c.800 ktpa of greenhouse gas emissions (Scope 3, CO2e), when compared to its fossil fuels alternatives.

This partnership brings together the vast industrial expertise of both companies, combining Galp’s market and operational synergies with Mitsui’s global presence, also supporting the procurement of the plant’s feedstock needs.

The plant will use Axens’ technology and the consortium Technip Energies / Technoedif Engenharia has been selected as the main Engineering, Procurement and Construction Management (EPCM) provider.

The total investments in the new plant are estimated at c.€400 m.

Galp will operate the plant and plans to consolidate proportionally (75%) all businesses related with the JV.

Green hydrogen unit

Galp will invest in the construction of a 100 MW electrolysis plant, to produce up to 15 ktpa of renewable hydrogen. This large-scale project will allow the replacement of c.20% of the existing grey hydrogen consumption of the Sines refinery and may lead to greenhouse gas emissions reduction of c.110 ktpa (Scope 1 &2, CO2e).

The electrolysers will be supplied by renewable power, originated from long-term supply agreements, also leveraging on the Galp renewable power asset base. The unit will use industrial recycled water, with expected annual consumption representing less than 3% of the average annual needs of the refinery.

Plug Power was awarded the order for the 100 MW proton exchange membrane (PEM) electrolysers, whilst Technip Energies will be the main EPCM provider.

The total investments for this green hydrogen project are estimated at c.€250 m.

About Galp

Galp is an energy company committed to the development of efficient and sustainable solutions in its operations and in the integrated offers to its customers. We create simple, flexible and competitive solutions for the energy or mobility needs of large industries, as well as small and medium-sized businesses and individual consumers. Our offer includes various types of energy – from electricity produced from renewable sources to natural gas and liquid fuels. As a producer, we extract oil and natural gas from reservoirs located miles below sea level, while also being one of the largest Iberian producers of solar-based electricity. We contribute to the economic development of the 10 countries where we operate, and to the social progress of the communities that welcome us. We are, therefore, leaders in our sector in the world's main sustainability indices. Galp has 6,360 employees. Galp is already one of Iberia’s leading solar PV producers, with 1.4 GW in operation, and plans to expand its renewable energies capacity to 4 GW by 2025. The company has committed to directing more than half of its investments in the coming years to renewables and new low-carbon energies and businesses.

About Mitsui

Mitsui & Co., Ltd. is a global trading and investment company with a diversified business portfolio that spans approximately 63 countries in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries. Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multifaceted value in new areas, including innovative Energy Solutions, Healthcare & Nutrition and through a strategic focus on high-growth Asian markets. This strategy aims to derive growth opportunities by harnessing some of the world's main mega-trends: sustainability, health & wellness, digitalization, and the growing power of the consumer.


Origine : Communiqué GALP

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