Repsol has announced its plans to construct a production plant for advanced biofuels at its Cartagena refinery in Spain.
This plant, which will represent an estimated investment of €188m, will supply 250,000t of advanced biofuels including hydrobiodiesel, biojet, bionaphtha, and biopropane for aircraft, trucks, and cars annually.
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Claimed to be part of Repsol’s strategy to achieving net zero emissions by 2050, the new facility will feature commissioning of a hydrogen plant that can fuel a new hydrotreatment unit installed with advanced technology.
The advanced biofuels produced is expected to reduce 900,000t of CO2 annually, which is the equivalent of the CO2 absorption of a forest the size of 180,000 football pitches.
The construction and commissioning works of the plant will be undertaken in different phases and will require around 1,000 professionals from different fields to undertake the work.
Repsol CEO Josu Jon Imaz said: “With this initiative, we at Repsol are decisively promoting a new technological route that will be key in our path towards carbon neutrality. It is added to the projects we have already implemented in energy efficiency, low-emissions electricity generation, renewable hydrogen, circular economy, synthetic fuels, and CO2 capture, use, and storage, among others.”
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By GlobalDataOn 2 December 2019, the firm announced its strategy to become a net zero emissions company by 2050, in line with the Paris Agreement.
The firm highlighted the circular economy as a tool to use the resources efficiently.
It also announced its plans to double the production of biofuels from vegetable oils (HVO) to 600,000t by 2030, with half coming from waste before 2025.
