March 21, 2023


Share this news on your social networks

Green hydrogen is a key part of the company’s new strategy, Positive Motion. Cepsa is developing a capacity for 2GW of green hydrogen in its Andalusian Energy Parks, 1 GW in Palos de la Frontera (Huelva) and another in San Roque (Cádiz). The two hydrogen plants will form part of the Andalusian Green Hydrogen Valley, the largest hub in Europe, which will involve an investment of 3,000 million euros, for which Cepsa has already signed collaboration agreements with various partners, such as Fertiberia, PDE, Enagás Renewable, Alter Enersun and Ladiesin addition to the project Algeciras-Rotterdam corridor and the agreement with ACE Terminal.

Its commissioning will prevent the emission of six million tons of CO2 per year, and will improve air quality by also avoiding the emission of other gases and particles. In addition to replacing gray hydrogen in industrial processes, green hydrogen will have a multiplier effect when used in the production of renewable fuels that will replace traditional fossil fuels.

Junta de Andalucía.  Education

The head of Hydrogen Regulation at Cepsa, Olivia Infantes, highlighted that “green hydrogen is one of the levers of our strategy to decarbonise both our activity and that of our customers. By joining the Cluster we will contribute to promoting this energy vector in Andalusia, where we are going to develop our most ambitious project: the Andalusian Green Hydrogen Valley”.

For his part, Francisco Montalbán, president of the Andalusian Hydrogen Cluster, pointed out that Cepsa’s accession marks “an important milestone in our short history and adds great value to our work. Cepsa is a very Andalusian company as it has large production centers in our land. It is an honor for us to have them, from whom we expect large investments in Andalusia and their active participation in our cluster”.

It should be remembered that Algeciras (Cádiz) recently hosted the first Andalusian Hydrogen Multisectoral Meeting, organized by the cluster, where the actions carried out in 2022 and the roadmap for 2023 were addressed. The conference also included two presentations entitled: metallic carbides and Arcamo/H2Biotech: Technology and materials for the hydrogen value chain.

Andalusia has the best conditions to be one of the most competitive and efficient in the world in the production of green hydrogen. Currently, 40% of the hydrogen produced in Spain is consumed in this autonomous community, so San Roque and Palos de la Frontera, where there is already a relevant industrial fabric, are privileged locations for the development of large-scale projects. In addition, it is one of the places in Europe with the greatest capacity for generation and production of wind and photovoltaic solar energy at lower costs.

About Cepsa

cepsa is a leading international company committed to sustainable mobility and energy with solid technical expertise after more than 90 years of activity. The company also has a world-leading chemical business with an increasingly sustainable activity.

Cepsa has presented in 2022 its new strategic plan for 2030, Positive Motion, which projects its ambition to be a leader in sustainable mobility, biofuels and green hydrogen in Spain and Portugal, and to become a benchmark in the energy transition. The company places customers at the center of its activity and will work with them to help them advance their decarbonization goals.

The ESG criteria inspire all of Cepsa’s actions to move towards its positive net objective. Throughout this decade it will reduce its CO emissions2 Scope 1 and 2 by 55% and its carbon intensity index by 15-20%, with the goal of achieving net zero emissions by 2050.

Source link

https://onlynewsgroups.net

Leave a Reply

Your email address will not be published. Required fields are marked *