Galp’s industrial operations incorporate the refining, logistics and cogeneration activities.
Galp continues to focus on maximising value creation in this segment, increasing the efficiency of its operations, and adapting its portfolio to future demand patterns and to the progressive decarbonisation of its operations.
All of Galp’s current industrial activities are located in Iberia. The Company owns the only refinery in operation in Portugal, located in Sines, and also operates maritime terminals and storage parks. Galp’s industrial activities in Sines are central to the local economy, employing over 500 people directly, and c.900 external employees.
The Sines refinery is one of the largest in Iberia, with a distillation capacity of approximately 226 kbpd. Capable of processing a varied array of crude grades, Sines’ refinery can run in different modes. The process starts in the atmospheric distillation unit, producing valuable products such as diesel. Its residue is then processed in vacuum distillation units, separating into other valuable output streams. According to their characteristics, these are fed to fluid catalytic cracking, hydrocracking or visbreaker units, maximising conversion and desired yields.
The conversion complexity and capacity, as well as the strategic advantage from its coastal location and the deep-water port infrastructure in Sines, both for the supply of crude oil and the export of products, make this refinery highly competitive and well positioned to thrive through the challenges the sector faces ahead.
Galp’s power activity is supported by the operation of a cogeneration unit in Portugal totalling 91 MW installed in the Sines refinery. This unit is highly efficient, as it combines heat and electricity generation, and it is a significant supplier of steam to the refinery operations.
In 2022, a total of 630 GWh were produced from cogeneration activities, up 6% YoY on a comparable basis.