The European Investment Bank has approved a substantial loan of €430 million to support Galp's sustainable aviation fuel, renewable diesel, and hydrogen projects. Galp, a leading energy company, has been focusing on eco-friendly energy solutions, particularly in sustainable aviation fuel and renewable diesel. The investment reaffirms Galp's commitment to sustainable practices, with specific emphasis on the Sines refinery in Portugal. This financial support aligns with Portugal's initiatives, as evidenced by the government's plans to issue tenders for sustainable aviation fuel production. Additionally, Galp's progress at the Sines biorefinery is notable, with the recent delivery of three reactors for an advanced biofuel production unit, set to commence operations in 2026. Despite facing market challenges like price downturns, Galp's dedication to constructing the biofuel plant in Sines remains steadfast. This ongoing construction highlights the company's resilience and determination to contribute to the energy transition towards more sustainable and environmentally friendly practices.