Spain – With an estimated expenditure of up to €1 billion, Cepsa will construct a new 2G biofuel facility in Palos de la Frontera, Huelva.
The development of this new facility, which will be situated in the “La Rábida” Energy Park, will result in the creation of up to 1,600 direct and indirect jobs as it produces sustainable aviation fuel and renewable diesel.
Organic waste, including leftover cooking oil and agricultural waste, among others, will be used to make 2G biofuels. By employing garbage that would otherwise wind up in landfills for their manufacture, these biofuels support the circular economy.
When compared to traditional fuels, the use of biofuels can reduce CO2 emissions by up to 90%, making them a crucial component in advancing the energy transition and promoting the decarbonization of transportation, particularly in fields where electrification is difficult, like heavy transport by land, air, and sea.
The corporation, which ranks among the top organizations in its industry, has developed an ambitious program to reduce emissions. In order to reach net zero emissions by 2050, it will specifically cut its CO2 emissions by 55% and its carbon intensity index by 15-20% in 2030. By assisting its clients and other stakeholders in moving in the right direction, Cepsa hopes to go beyond net zero and make a good influence in the areas where it operates.