Spain's Cepsa Signs Biofuels Agreement with Lidl's Owner
07.02.2024 By Tank Terminals - NEWS

July 02, 2024 [Reuters]- Spanish oil and gas company Cepsa has reached an agreement with PreZero Spain, part of the environmental division of German supermarket group Lidl’s owner Schwarz Group, to develop biomethane plants using organic waste.


Owned by Abu Dhabi fund Mubadala and the Carlyle Group, Cepsa is investing up to 8 billion euros ($8.6 billion) through 2030 to shift its business toward low-carbon fuels, such as green hydrogen and biofuels.

The companies said on Tuesday they will together develop plants to produce biomethane from organic waste. The first such plant will have a capacity of up to 100 GWh and will feed Cepsa’s planned green hydrogen and biofuels facilities around Huelva, in southern Spain.

Under the deal, PreZero will also supply biomethane to Cepsa, and, among other initiatives, the companies will team up to recover organic waste to produce biofuels.

“This alliance with PreZero will allow us to expand access to circular raw materials to produce alternative energies that will facilitate the energy transition, such as green hydrogen and second-generation biofuels,” Carlos Barrasa, executive vice president of commercial & clean energies at Cepsa, said.

Biofuels are seen as essential in decarbonising transportation, such as aviation, which is hard to electrify. Second-generation biofuels are made from non-food organic materials such as wood and agriculture waste, as opposed to the first-generation ones made from sugar-starch or oilseed crops. is a market research platform with operational, infrastructural and contact details of more than +8,500 tank terminals and +5,000 production facilities worldwide.

Access data. Decide better. See how.

A total of 11 Cepsa tank terminals and production facilities are listed in our market research platform.

We list here 6 of those Cepsa tank terminals with a direct link to access their data.

Wood Bags Six-Year Contract on Shell’s Prelude Facility
07.12.2024 - NEWS
July 12, 2024 [Yahoo Finance]- Shell has awarded a six-year contract to engineering company Woo... Read More
Malaysia’s Bintulu LNG Plant to Get First Supplies from Jerun Gas Field
07.12.2024 - NEWS
July 12, 2024 [LNG Prime]- Malaysia’s giant Bintulu LNG plant, operated by Petronas, will soon ... Read More
Rubis Terminal Rebrands as Tepsa, Building on Legacy and Embracing Evolution
07.12.2024 - NEWS
July 12, 2024 [Storage Terminals Magazine]- Rubis Terminal is excited to announce a strategic reb... Read More
Adnoc Awards Abu Dhabi Airport Tank Farm Project
07.11.2024 - NEWS
July 11, 2024 [MEED]- Abu Dhabi National Oil Company (Adnoc) has awarded the main engineering, pr... Read More