Repsol to repurpose old diesel plant to produce second-gen biofuels
Repsol has announced it will invest more than €120 million to retrofit an ageing diesel plant to produce second-generation biofuels, Reuters reported.
The Spanish oil company aims to produce two million tons of low-carbon fuels by 2030, tripling the capacity it had at the beginning of this decade.
The Puertollano plant, built in the 1960s, will start producing biofuels for cars, trucks and shipping at the end of 2025 and will have a capacity of 240,000 tons per year. It will use organic waste, such as used cooking oils.
This will be the second plant of this type in the Iberia region, along with Repsol’s plant at its Cartagena refinery.
Biofuels are seen as key to decarbonise transportation in sectors hard to electrify, like aviation and shipping.
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