The Repsol’s Board of Directors has officially approved the Final Investment Decision (FID) for the Ecoplanta project, marking a significant milestone in the drive for the supply of sustainable fuel and product.
Repsol is entering the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy. This alliance allows Repsol to add significant human and technical capabilities to position itself early in this growing sector. Biomethane is considered strategic by the European Union – which has set itself an ambition to increase its production eightfold by 2030 compared to that recorded in 2022 – in its RePower EU program. The Spanish Gas Association (Sedigas) estimates that biomethane could account for almost half of Spain’s natural gas consumption.
Repsol’s industrial complex in Cartagena received the first ship with used cooking oil to be used as a raw material in Spain’s first renewable fuels plant. The ship, that arrived from Huelva in southern Spain, unloaded 7,500 tons of used cooking oil.
In 2021, the bioeconomy in EU4 (France, Germany, Italy and Spain) has reached a value of production of €1,500 billion, employing over 7 million people. Germany is confirmed as a leader with a value of €436.6 billion, then France (379.4 billion), Italy (364.3 billion) and Spain (251.5 billion). This is according a new Report realized by the Intesa Sanpaolo Research Department (Intesa Sanpaolo is one of the major banking group in Europe), in collaboration with Italian Circular Bioeconomy Cluster SPRING and Assobiotec, and today presented in Salerno (South Italy), which is dedicated to bioeconomy, which, in line with the definition of the European Commission, was defined as the set of activities using renewable natural resources to produce goods and energy, generating great advantages in terms of sustainability.
Italian company Bio-on and Sociedad Cooperativa General Agropecuaria, a Castilian-Leon cooperative which produces and markets sugar, food oils, biodiesel, various products for food animal and renewable electric energy, signed an agreement to begin a technical collaboration, the first in Spain, to study and evaluate the opportunity to exploit at industrial scale the Bio-on technologies for the production of PHA bioplastics from sugar beets processing co- and by-products.
IL BIOECONOMISTA 