Cepsa and Evos Join up for Green Methanol Storage in Spain and the Netherlands
04.19.2024 By Tank Terminals - NEWS

April 19, 2024 [Storage Terminals Magazine]- Spanish energy company Cepsa has forged an agreement with Evos, a prominent liquid energy and chemical storage company with hubs strategically located across Europe, to facilitate the storage of green methanol produced by Cepsa at Evos’ storage facilities in Algeciras and Rotterdam. The partnership also entails the storage of green ammonia at Evos’ facilities in Algeciras, streamlining logistics for the transport of green hydrogen products between key strategic ports in Spain and the Netherlands. Additionally, Cepsa and Evos will collaborate on studying logistics for biofuels, renewable fuel from non-biological sources, and hydrogen carriers, such as liquid organic hydrogen carriers, in other terminals within the Evos network in Northwest Europe, including Amsterdam.

 

The agreement was formalised at the Port of Amsterdam in the presence of the Dutch minister for climate and energy Policy and deputy Prime Minister Rob Jetten.

CEO of Cepsa, Maarten Wetselaar, commented, “Through strategic partnerships, Cepsa is establishing a network of green molecule supply spanning from Spain to northern Europe. This alliance with Evos provides crucial storage infrastructure enabling the flow of green methanol from southern Spain into northern Europe, reinforcing the viability of their large-scale green hydrogen projects. Last year, they announced the development of one of the largest green methanol projects in Europe as part of our Andalusian Green Hydrogen Valley, and this new partnership provides them with the end-to-end solution to bring these green molecules to their customers in Northwest Europe as we support decarbonisation efforts across the continent.”

Harry Deans, CEO of Evos, expressed, “As Evos extends its reach within the Green Import Corridors of Northwest Europe and propels the growth of our Algeciras terminal in Spain, they are pleased to join forces with Cepsa to provide essential infrastructure to accelerate the energy transition. This collaboration will pave the way for a South-North corridor for green hydrogen products, aligning seamlessly with the strategy for their eight terminals, located in key strategic ports, to lead the energy transition in partnership with their clients.”

Cepsa is currently developing a green methanol plant in Huelva with an estimated annual production capacity of 300,000 tonnes, involving an investment of up to €1 billion. This plant is part of the Andalusian Green Hydrogen Valley that Cepsa is developing alongside partners, which also includes two green hydrogen plants with a total capacity of 2 GW and a green ammonia plant with an annual production capacity of up to 750,000 tonnes. Furthermore, Cepsa has initiated the construction of a second-generation biofuel plant in Huelva as part of a joint venture with Bio-Oils, creating the largest facility of its kind in southern Europe with the capacity to produce 500,000 tonnes of sustainable aviation fuel and renewable diesel annually.

Evos, on the other hand, is bolstering its strategic presence in the Green Import Corridors of Northwest Europe, focusing on the storage and handling of green hydrogen derivatives and renewable fuels. In Spain, Evos is advancing the expansion of its Algeciras terminal as a renewable export hub. Across all Evos terminals, infrastructure for green bunker fuels, such as green ammonia and green methanol, is being developed.

Green methanol, produced using green hydrogen and non-fossil sources of carbon, can replace fossil methanol, thereby reducing carbon emissions in industries such as long-distance shipping, chemicals, and plastics.

By 2050, the demand for methanol could triple to approximately 300 million tons per annum, with the majority being for green methanol.

Cepsa has already established a partnership with the Port of Rotterdam to establish a green hydrogen corridor from the Port of Algeciras and has agreements with ACE Terminal for the storage of green ammonia at the Port of Rotterdam and with Dutch company Gasunie, guaranteeing access to its green hydrogen transport network. This network will connect with European industrial clusters in the Netherlands, Germany, and Belgium as part of the Delta Corridor project.

 

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