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Galp & Mitsui Invest $426M in Biofuels in Portugal

Portuguese oil company, Galp, recently announced its partnership with Japan’s Mitsui to invest a substantial amount of 400 million euros ($426 million) in the development of an industrial-scale plant. The plant aims to produce biodiesel and biojet fuel by utilizing waste materials at Galp’s Sines refinery. This collaboration signals a significant step towards more sustainable and environmentally friendly fuel alternatives.

The joint investment will be used to construct a plant that can efficiently convert waste into biodiesel and biojet fuel. By utilizing waste materials, Galp and Mitsui aim to reduce the carbon footprint and contribute to a cleaner energy sector. This innovative project aligns with the global efforts to combat climate change and achieve carbon neutrality. With the construction of this plant, Galp and Mitsui hope to pave the way for the future of sustainable fuel production.

Hashtags: #sustainableenergy #cleanfuel #biodiesel #biojetfuel #GalpMitsui
SEO Keywords: Portuguese oil company, waste-to-fuel, Sines refinery, biodiesel production, biojet fuel production, sustainable energy, carbon neutrality

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