cesa Will invest between 7,000 and 8,000 million euros by 2030 with its new strategy, ‘Positive Movement’, which it aims to beLeader in sustainable mobility and energy in Spain and Portugal” by focusing more on customers. 60% of this investment will go to the business sustainable From 2023, it will grow into a larger contribution of sustainable businesses to Ebitda, increasing from 14% in 2022 to more than half in 2030, according to the company.
In addition, he founded the company. an ambitious roadmap to reduce CO2 emissions by 55% and achieve zero net emissions by 2050, while reducing the carbon intensity of its products by 15% to 20% by 2030. The company’s new business vision, two ecosystems: sustainable mobility and ‘new trade’ and sustainable energy. All this is supported by alliances with Energy Parks and other strategic partners.
In the field of electric mobility, Cepsa, together with Endesa, wants to create the main sustainable mobility ecosystem and the largest ultra-fast electric charging network on the roads in Spain and Portugal, to achieve a minimum charge rate of 150 kW every 200 kilometers. on major highways and intercity highways. In addition, will increase the demand for green hydrogen. Transportation by the highwayWith the goal of establishing a refueling station every 300 kilometers by 2030 in the corridors connecting Spain to Europe.
In addition, the service stations of the oil company, which is the second largest network of Spain and Portugal, will also be converted to fuel oil. Digitized spaces to offer a wide range of ultra-convenience and restaurant servicesIt will use advanced analytics to transform the customer experience and increase loyalty, such as multi-energy solutions for fresh food, parapharmacy, e-commerce, package collection points and sustainable car washes, as well as roadside refueling.
On the other hand, the oil company aims to be the leader in 2030. green hydrogen and second generation biofuel production. In the first case, it will have a capacity of 2 gigawatts (GW) by 2030 and will be a benchmark in the import and export of this energy to the European continent, Africa and the Middle East. In the latter case, it predicts an annual production of 2.5 million tons in 2030, making it a reference supplier of sustainable aviation fuel (SAF) with an annual output of 800,000 tons (the company represents 35% today). Energy supply market for the aviation industry in Spain).
To realize this new strategy, the oil company will transform its refineries into diversified and sustainable energy parks and implement technologies based on it. artificial intelligence and analytics technology to optimize processes and reduce the environmental impact of the activities of industrial centers. In the field of renewable energies, Cepsa will develop a portfolio of solar and wind energy projects with a capacity of 7 gigawatts (GW) of which 1.5 gigawatts (GW) are currently grid-connected.
On the other hand, in the field of Chemicals and Exploration and Production enterprises will remain unchanged. The chemicals division targets 30% of its sales in 2026 to come from low-carbon products. Meanwhile, greater autonomy in the management of its Exploration and Production business will be key to generating cash flows that facilitate the group’s transformation, according to the company.