The European Investment Bank (EIB) has signed a €430 million loan to support Galp’s initiative towards the decarbonisation of two major projects at its Sines Refinery. The two projects aim to significantly decarbonize heavy-duty road transport and aviation.

Biofuels Unit to Revolutionize Aviation Fuel Production

Galp is building a Biofuels unit in collaboration with Japan’s Mitsui. The €400 million investment will convert vegetable oils and residual fats into sustainable aviation fuel (SAF) and renewable diesel (HVO). Both will be the same quality as their fossil-based equivalents for application in conventional combustion engines.

The plant, which will begin production in 2026, will produce up to 270,000 tons of renewable fuels annually. This will allow Portugal to meet the European Union‘s aviation fuel demand. SAF is at the centre of air transport decarbonisation, contributing approximately 3% of global greenhouse gas emissions.

Green Hydrogen Production with €250 Million Electrolyser

Galp is building a 100 MW electrolyser at Sines with a €250 million investment, €180 million of which the EIB will cover. The electrolyser will yield up to 15,000 tons of green hydrogen per year when it foes online in 2026. It will become one of Europe’s biggest functional green hydrogen units, continuing to promote the EU’s green energy drive.

Ronald Doesburg, Galp’s Executive Board Member responsible for the Industrial area said, “We have mobilized partners, private investment, and European financing to drive a transformative project that brings European and national energy and industrial policies to life.”

He added, “More is needed from energy companies, public funding and government support if we want to maintain Portugal’s relevance in an increasingly unstable world.”

Also read: EIB and Sparkasse Bank Partner to Strengthen Green Finance in North Macedonia

Facilitating the European Green Deal and REPowerEU Plan

Additionally, the green hydrogen and biofuels projects promote the EU’s climate neutrality vision for 2050 and enhance energy autonomy in REPowerEU. The €22.5 million funding from the Recovery and Resilience Plan also supports the projects, highlighting the EU’s push for clean energy transitions.

Expro has secured a contract to provide Tubular Running Services (TRS) for a major Carbon Capture and Storage (CCS) project in the Netherlands. The project converts old offshore gas wells into CO2 injection sites, decommissions shallow wells, and drills platform slot recovery wells. This is Netherlands’ first offshore CCS storage project, supporting Expro’s commitment to sustainability and the shift to cleaner energy.

Advanced TRS Technology for Lasting Well Integrity

Expro will deploy its proprietary non-marking TRS technology, specifically designed to handle corrosion-resistant alloy (CRA) tubulars. Since CO2 storage is highly corrosive, this technology helps pipes last longer and keeps wells secure for the long run.

Iain Farley, Regional Vice President for Europe and Sub-Saharan Africa at Expro, said, “Securing this contract for this major CCS project highlights Expro’s advanced technical expertise in deploying CRA tubulars. The specific technologies being used throughout the project are proven in the oil and gas sector and it is fantastic to see these capabilities helping to unlock the potential of the CCS sector.”

He added, “Expro TRS services are designed for safety, efficiency and precision, and so we look to be playing a vital role in supporting the success of this project. This contract cements the company’s role in advancing sustainable practices in the offshore energy sector.”

Also read: Saudi Aramco Grants Larsen & Toubro $1.5B Contract For CCS Project

Expro’s Legacy and Expertise in Well Services

With a history dating back to 1938, Expro has established itself as a leading provider of tubular running services worldwide. Besides TRS, the company provides well-integrity solutions like performance drilling tools, wellbore clean-out, and cementing technologies for reliable operations.

Additionally, Expro offers a wide range of tubular handling products, from large OD tubulars to production casing and tubing. The company also provides a fleet of drill pipe handling tools designed for demanding drilling operations.