Energy Major Readies for Biofuel Supply This Year

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Portuguese energy company Galp will supply biofuel bunkers from September this year, reports Ship&Bunker.

Biofuel blended with gasoil and fuel oil

Susana Broco, senior bunker trader at Galp, told delegates at Portugal Shipping Week (10 May), 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.

‘Grey refinery’ to a ‘Green energy hub’

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%.

When asked what future fuel demand signals Galp is hearing from its shipping customers, Broco said ‘we are not being asked any questions yet.’

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Source: Ship&Bunker

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