Biofuels Central

Portugal – Galp to Launch Biofuel Supply to Bunkers in September

galp biofuel bunkers
biofuels central news

Portugal – Galp to launch biofuel supply to bunkers in September.

[BunkerSpot] Portuguese energy company Galp will supply biofuel bunkers from September this year.

Susana Broco, senior bunker trader at Galp, told delegates at Portugal Shipping Week, that the company will be able to supply biofuel blended with gasoil and fuel oil and that preparation of storage is currently underway at its facility in Lisbon.

Initially biofuel will be supplied by truck and barge deliveries will be available according to market demand.

Looking ahead to Galp’s role in the energy transition, Broco said that the company was willing to work with partners on the different pathways that shipping will take.

Galp already offers marine LNG but Broco said that while this had an important role to play in the energy transition it was not the solution. As such, Galp is also researching into ammonia, methanol, biofuel and hydrogen and will follow market needs, she said.

Broco also outlined the company’s ambitions to move from being a ‘grey refinery’ to a ‘green energy hub’ by 2030.

It will concentrate its operations in Sines, expand advanced biofuels production and look at the opportunities for green hydrogen. By 2030, Galp is aiming to cut emissions from its operations by 50%.

Susana Broco, senior bunker trader at Galp, when asked what future fuel demand signals Galp is hearing from its shipping customers, said:

We are not being asked any questions yet.

READ the latest news shaping the biofuels market at Biofuels Central

EUROPE: PORTUGAL’S GALP READIES FOR BIOFUEL SUPPLY, source

biofuels central news

Get our LinkedIn updates!

Join our weekly newsletter

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.