March 4, 2025Galp signs a €430 million funding agreement with the EIB for its renewable hydrogen and biofuels projects in Portugal

Portugal
Galp signs a €430 million funding agreement with the EIB for its renewable hydrogen and biofuels projects in Portugal

The two projects, now under construction at the Sines refinery, represent a total investment of €650 million. The biofuels unit, financed with €250 million, will produce low-carbon fuels that are essential for decarbonising transport. The renewable hydrogen production unit, supported by €180 million in funding, is set to become one of the largest in Europe.

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