Moeve secures Canaries biofuel deal

The deal, with potential extension into 2026, strengthens Moeve’s leadership in sustainable maritime fuel solutions and supports the region’s push toward maritime decarbonisation.

Samir Fernández, Moeve’s director of marine fuel solutions, called the agreement ‘a major door’ to becoming a key decarbonisation player in the Canary Islands. Moeve, formerly Cepsa, has a 90-year history in the region, supplying biofuels from its San Roque and La Rábida energy parks to serve major ports like Algeciras and Barcelona.

Sergio Vélez, chief executive of Armas Trasmediterránea, highlighted the deal as a milestone in the company’s sustainability roadmap, noting that the ferry operator has long been investing in emission-reducing measures. “This reinforces our commitment to protecting the marine environment – our workplace and our shared heritage,” he said.

Port authorities welcomed the agreement as pivotal for green energy transition. Beatriz Calzada, president of Las Palmas Port Authority, praised the move as ‘fully aligned with our green fuel strategy’, while Pedro Suárez of Santa Cruz de Tenerife emphasised its role in making port operations more sustainable and competitive.

Moeve’s 2G biofuels can cut CO₂ emissions by up to 90% over their life cycle, and are compatible with current ship infrastructure.

The agreement supports Moeve’s broader 2030 Positive Motion strategy, which aims to position the company as the leading biofuel producer in Spain and Portugal, with an annual production target of 2.5 million tonnes.