Cepsa will build a new plant biofuels generation (2G) in Palos de la Frontera, which will involve an investment of up to 1,000 million 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 direct and indirect jobs, during its construction phase, the company reported in a statement.
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 CO2 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 the Electrification is very complex, such as heavy transport by road, air and sea.
With this new plant, the company seeks to become a benchmark in the energy transition this decade and lead the manufacture of biofuels in Spain and Portugal, with an annual production of 2.5 million tons, of which 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.
In its strategic plan, the company has established an ambitious roadmap to cut its emissions, placing itself among the leading companies in its sector. Specifically, in 2030 it will reduce its CO2 emissions (scope 1 and 2) by 55% and its carbon intensity index by 15-20%, with the aim of achieving net zero emissions by 2050.
