Located next to the \u00a8La R\u00e1bida Energy Park\u00a8 in Huelva, the plant, which Cepsa is building together with Bio-Oils, will produce sustainable aviation fuel (SAF) and renewable diesel (HVO), from organic waste such as used cooking oil or from agricultural waste.<\/p>\n
\u201cWe are grateful for the EIB\u2019s support to this project, which is key to our Positive Motion strategy and to Spain\u2019s and Europe\u2019s progress towards the necessary energy independence,\u201d said Maarten Wetselaar, Cepsa\u2019s CEO.<\/p>\n
\u201dThis plant will enable us to take a giant step forward in the production of green molecules, with the aim of facilitating the immediate decarbonisation of land, sea and air transport by reducing CO2 emissions by up to 90% compared with traditional fuels.\u201d<\/p>\n
Quick win<\/strong><\/p>\n Biofuels are an immediate solution to reduce CO2 emissions from this sector, without making changes to existing engines.<\/p>\n Once operational, the facility is expected to process as much as 600,000 tonnes of waste and produce up to 500,000 tonnes of second-generation biofuels annually.<\/p>\n The project supports the decarbonisation objectives of the European Green Deal. It is also part of the EIB\u2019s action plan to support REPowerEU in ensuring energy security and reducing EU dependence on fossil-fuel imports.<\/p>\n The project is supported by InvestEU, an EU programme to mobilise more than \u20ac372 billion of additional investment in the period 2021-2027.<\/p>\n With this new arrangement, the EIB is continuing to support Cepsa\u2019s decarbonisation strategy. It is the third financing operation with Cepsa in the last two years to accelerate this strategy.<\/p>\n The previous two were a loan of \u20ac80 million for photovoltaic plants in Andalusia and a loan of \u20ac150 million for Cepsa\u2019s network of electric charging stations in Spain and Portugal.<\/p>\n","protected":false},"excerpt":{"rendered":" The European Investment Bank (EIB) and Cepsa have signed a \u20ac285 million loan agreement for the construction of an advanced biofuels plant which will\u00a0serve industries including marine, air and road transportion, in order to expedite decarbonisation.<\/p>\n","protected":false},"author":8,"featured_media":4425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,34],"tags":[40,27,897,670,120,269,374],"sponsor":[],"class_list":["post-4424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-fuels-greenport","category-europe-greenport","tag-alternative-fuels","tag-biofuel","tag-cepsa","tag-energy-transition","tag-europe","tag-marine-fuels","tag-spain"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=4424"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4424\/revisions"}],"predecessor-version":[{"id":4426,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4424\/revisions\/4426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/4425"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=4424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=4424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=4424"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=4424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}