Focusing on a decarbonization strategy it will develop over the next decade, the oil company will invest more than 3 billion euros to build two green hydrogen production facilities at energy parks in the US. Campo de Gibraltar (Cádiz) and Palos de la Frontera (Huelva) and another 2,000 million for the commissioning of both wind and photovoltaic renewable energy plants, where it will feed industrial complexes.
Controlled by the Abu Dhabi (Mubadala) sovereign wealth fund, the group introduced the ‘Andalusian Green Hydrogen Valley’ project at an event in Algeciras. head of government, Pedro Sanchez; vice president and Minister of Ecological Transition, Teresa Ribera; and its head Junta of Andalusia, Juan Manuel Moreno. The committed investments represent the biggest milestone of Cepsa’s 2030 strategy to date. Positive Actionpositioning itself in the sustainable mobility business and production of green hydrogen and advanced biofuels in Spain and Portugal.
Construction is among the company’s plans Two plants for green hydrogen production with a total capacity of 2 gigawatts (GW). The Huelva plant will be located next to La Rábida Energy Park and will start operating in 2026 and reach its maximum capacity in 2028. The Cádiz plant will be located in the San Roque Energy Park and will be operational in 2027. To produce this green hydrogen, Cepsa will develop a project portfolio consisting of 3 GW of wind and solar energy from renewable sources, which will mean an additional investment of 2,000 million euros.
Request for help to Sánchez
in his speech, Maarten Wetselaar, CEO of CepsaAsked Sánchez and Moreno for assistance and subsidies, a favorable legal framework, agility in permits, and simplification in processing. “If we rely on our success, other countries will catch up with us,” Wetselaar warned. “At a time when the US offers tax incentives to invest in green hydrogen, it is important that Europe and Spain act with a clear purpose to ease the tax burden on the energy industry,” the oil company’s senior representative said. said.
“The Andalusian Green Hydrogen Valley is a pioneering project with a capacity of 2 GW, ten times the largest project ever launched in Europe,” said Wetselaar. The project will serve to produce 300,000 tons of green hydrogen per year, which represents half of the green hydrogen production planned so far by the Government for all of Spain in 2030.
According to the company’s estimates, the development of this project will mean increased industrial employment in Andalusia as it will create 1,000 direct jobs and another 9,000 jobs indirectly and among those that are promoted. Currently, 40% of the hydrogen produced in Spain is consumed in Andalusia, so San Roque and Palos de la Frontera could become a hub for the development of large-scale projects.
Green fuels for boats
production Andalusia Green Hydrogen Valley It will promote the decarbonisation of Cepsa’s energy parks in the region where the company will produce advanced biofuels for aviation, sea and heavy land transport. Hydrogen will be particularly important for the production of byproducts such as green ammonia and methanol, which will be used as renewable marine fuels to power ships and replace traditional fossil fuels.
The ports of Algeciras and Huelva are two key points on export routes and maritime traffic both to and from Northern Europe. Asia and Africa. Cepsa aims to position Andalusian ports as the world leader in the international green hydrogen corridors and the supply of new sustainable fuels for maritime transport. In fact, Cepsa has already reached an agreement with the Port of Rotterdam to create the first green hydrogen corridor that will connect northern and southern Europe.
Spain manages to position itself in the global race for green shipping. Danish shipping giant Maersk has chosen Spain to support the decarbonisation of its fleet, with two future factories to be built in Andalusia and Galicia. green methanol for your own consumption. According to the executive’s estimates, the investment could reach 10,000 million euros between now and 2030.
Source: Informacion
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