Repsol to build Spains first advanced biofuels plant in Cartagena
Press Release23/10/2020 00:00
Repsol will build the first low-emissions advanced biofuels plant in Spain at its refinery in Cartagena. The plant will have an annual production capacity of 250,000 tons of hydrobiodiesel, biojet, bionaphtha, and biopropane.
The plant, projected to be operational in 2023, will produce advanced biofuels from recycled raw materials to be used in aircraft, trucks, or cars. The new advanced biofuels will make it possible to cut CO2 emissions by 900,000 tons per year.
This pioneering facility will represent an investment of €188 million. It will be equipped with cutting-edge technology and the most efficient solutions.
In line with its commitment to become a net zero emissions company by 2050, with this investment, Repsol is reinforcing its role as a significant actor in the energy transition and as a key supplier of eco-fuels for transportation by advancing the circular economy.
“With this initiative, we at Repsol are decisively promoting a new technological route that will be key in our path towards carbon neutrality. It is added to the projects we have already implemented in energy efficiency, low-emissions electricity generation, renewable hydrogen, circular economy, synthetic fuels, and CO2 capture, use, and storage, among others,” stated Repsol CEO Josu Jon Imaz.