Cepsa to invest up to $1.06B in 2G biofuel plant in Huelva

March 9, 2023 |

In Spain, Cepsa will build a new second-generation (2G) biofuel plant in Palos de la Frontera, Huelva, which will involve an investment of up to 1 billion euros. This new plant, which will be located in the ‘La Rábida’ Energy Park, will produce both renewable diesel and SAF (sustainable fuel for aviation, for its acronym in English) and will mean the creation of up to 1,600 jobs, direct and indirect, during its construction phase.

2G biofuels will be made from organic waste, such as used cooking oil or agricultural waste, among others. These biofuels promote the circular economy, by using waste for their production that would otherwise end up in landfills.

The use of biofuels can reduce CO 2 emissions by up to 90% compared to traditional fuels, which is why they are a key element in advancing the energy transition and promoting the decarbonisation of transport, especially in sectors in which electrification is very complex, such as heavy transport by road, air and sea.

The construction of this new plant responds to the company’s objective of becoming a benchmark in the energy transition this decade, and leading the manufacture of biofuels in Spain and Portugal, with an annual production of 2.5 million tons, of which that 800,000 tons will be from SAF. Within the framework of its 2030 strategy, Positive Motion, Cepsa is promoting the development of an ecosystem focused on accelerating its decarbonisation and that of its clients, through the production of green molecules, mainly renewable hydrogen and biofuels.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.