Galp news

EIB loans €430M for projects to decarbonize transport, producing renewable fuels and hydrogen, supporting EU climate goals and energy independence.

The reactors will produce biofuels by 2026, marking a European first with an integrated green hydrogen facility. Total investment: €650M. 76 permanent jobs will be created.

The projects aim to reduce the refinery's carbon footprint, producing renewable diesel, sustainable aviation fuel, and green hydrogen, with a total investment of €650 million.

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.

Fluor awarded EPC contract for Porto Refinery Conversion, expected to produce 2.5M tons/year of fuels, meeting EU regulations. Completion in Q4 2010, leveraging UK and Madrid offices.