Cepsa Will Build a New Second-Generation Biofuels Plant in Huelva with an Investment of up to 1,000 Million Euros

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March 10, 2023

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(Cepsa (Google Translation)) The project, which will be located in the ‘La Rábida’ Energy Park in Palos de la Frontera, will generate 1,600 jobs during its construction; Second generation (2G) biofuels will be manufactured from organic waste, such as used cooking oil or agricultural waste, thus promoting the circular economy; The plant will produce sustainable fuels for aviation, maritime and land transport, allowing to reduce its CO ₂ emissions by up to 90%; The project reinforces the implementation of its new strategy, Positive Motion , with which the company plans to become the leader in 2G biofuels in Spain and Portugal, reaching an annual production of 2.5 million tons in 2030.

Cepsa will build a new second-generation (2G) biofuel plant in Palos de la Frontera, Huelva, which will involve an investment of up to 1,000 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 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.

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 CO ₂ 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. Cepsa wants to go beyond net zero and achieve a positive impact, adding value in the communities where it is present by allowing its clients and other stakeholders to move in the right direction.

The development and use of biofuels contributes to several of the Sustainable Development Goals of the 2030 Agenda: SDG 7 (Affordable and clean energy), SDG 8 (Decent work and economic growth), SDG 12 (Responsible production and consumption) and SDG 13 (Climate Action). READ MORE

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