Galp Energia, SGPS, S.A. news

Two large-scale projects at Sines refinery will reduce carbon footprint: a 270 ktpa biofuels unit and a 100 MW green hydrogen plant, both operational by 2025, with a total investment of €650m.

Setúbal's new plant will produce 28,000-35,000 tons of lithium hydroxide annually by 2026, creating 200 direct and 3,000 indirect jobs with a €700 million investment.

Aurora aims to build Europe's largest sustainable lithium plant in Portugal, producing 35,000 tons annually by 2026, supporting the battery value chain and energy transition efforts.

Refining operations in Matosinhos will cease in 2021. Regional supply will continue, and site alternatives are being explored. Annual costs and CO2 emissions will be significantly reduced.

The hydrocracking complex at Sines refinery begins commercial production, marking the end of the upgrade project. It processes 43,000 barrels/day, with a utilization rate above 60%.