Repsol has announced that it will be building ‘the first low-emissions advanced biofuels plant in Spain’, based at its refinery in Cartagena.
The €188 million plant, which is slated to be operational in 2023, will have an annual production capacity of 250,000 tonnes of hydrobiodiesel, biojet, bionaphtha, and biopropane.
The biofuels will be produced from ‘recycled raw materials to be used in aircraft, trucks, or cars’ and Repsol estimates the plant will ‘make it possible to cut CO2 emissions by 900,000 tonnes per year’.
Repsol said that plant will reinforce the company’s ‘role as a significant actor in the energy transition and as a key supplier of eco-fuels for transportation’.
Repsol CEO Josu Jon Imaz commented: ‘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.’
Click here to read an analysis of the factors driving the charge towards renewables in the European refining sector by Mark Williams, Shipping Strategy’s Managing Director and Contributing Editor to ship.energy.