Sines, Portugal secures €229 million for refinery upgrade and renewable‑chemical plant

Portugal’s Sines refinery is receiving a €109 million investment from Galp Energia during the first half of 2026. The funding is part of Galp’s €442 million spend on energy‑transition projects, with 63 % directed toward low‑carbon initiatives such as refinery transformation. The company reported a 22 % rise in EBITDA for its Industrial and Midstream unit and highlighted strong margins driven by international market conditions.

Spanish firm Catalyxx announced a €120 million investment to build its first commercial unit for renewable chemicals at Sines. The plant, slated to start construction in Q4 2026, will produce debutanol, hexanol and octanola from bio‑ethanol, aiming to cut CO₂ emissions by about 105,000 tonnes per year. The project has received environmental approvals and includes €20 million of public funding from the Circular Bio‑based Europe Joint Undertaking, emphasizing Sines’ strategic logistics and renewable‑energy resources.