Repsol buys 40% of Genia Bioenergy to enter biomethane market

April 10, 2024 |

In Spain, Repsol is entering the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy. This alliance allows Repsol to add significant human and technical capabilities to position itself early in this growing sector.

The agreement between Repsol and Genia Bioenergy includes 19 of its biomethane plants, which are under development. In addition, there are 11 other projects in an early stage of development. Repsol will purchase all the gas produced by these projects, which will also form a unique platform for creating agro-industrial ecosystems capable of boosting local economies and offering solutions for the valorization of their waste.

Genia Bioenergy is the only Spanish company that integrates the entire biogas and biomethane value chain, from the development of technologies and solutions to the engineering, construction and biological technical operation of the projects, applying technologies and innovation for the creation of new value models that allow the integration of all the players in the production chain and waste management for the production of renewable gases and resources in the long term.

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Category: Fuels

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