MOSCOW (MRC) -- The Chairman of Petronor, Emiliano Lopez Atxurra, today announced the upcoming construction work for the new Bilbao decarbonization hub that will be composed of a synthetic fuels plant and an urban waste processing project, said the company.
At the event, he was accompanied by the President of the regional Basque Government, Inigo Urkullu; the CEO of Repsol, Josu Jon Imaz; the Chairman of Kutxabank, Gregorio Villalabeitia; the Deputy General of the province of Bizkaia, Unai Rementeria; and the Minister for Economic Development, Sustainability and Environment of the regional government of the Basque Country, Arantxa Tapia.
Josu Jon Imaz, CEO of Repsol said that “the project will allow us to test the technologies that will be used together for the first time in the world here in Bilbao."
Emiliano Lopez Atxurra stated that "with this project we unite present, past, and future, because this port is part of Petronor's history and present. Now it is also part of the future. This is an example of the technological neutrality that we champion as a guide for a sustainable and inclusive energy transition."
With the construction of these new plants, Repsol continues to advance in its commitment to decarbonization to achieve the goal of zero net emissions by 2050. The company's strategy is fully aligned with the objectives laid out by both the European Union and the Spanish Government. The Fit for 55 regulatory package, presented last year by the European Commission, supports the deployment of fuels with a low carbon footprint, produced either from waste or from non-biological sources, such as synthetic fuels, as is the case for these new plants presented by Imaz.
These are two major industrial projects that also demonstrate the importance of maintaining technological neutrality in the search for sustainable and complementary alternatives to achieve the decarbonization of the economy.
Repsol lifted the force majeure for the supply of butadiene in Tarragona (Tarragona, Spain), announced earlier in February. On February 10, the company stopped two lines for the production of butadiene with a total capacity of 130 tons per year in Tarragona. According to a company source, butadiene production was resumed on 23 March.
Earlier it was reported that against the backdrop of a change in global strategy, the Spanish Repsol, formerly a major investor in the Russian fuel and energy complex, announced its withdrawal from Russia in December last year. The company will sell its shares in the oil assets of Evrotek-Yugra and ASB Geo to a Russian partner, Gazprom Neft.
Repsol is the largest oil and gas company in Spain and Latin America, one of the ten largest oil and gas corporations in the world.