Cepsa begins biomethane trading
The company has already begun its trading activities in this market, completing its first biomethane purchase in Spain.
Specifically, Cepsa acquired 25 GWh of renewable gas produced from urban organic waste at the Valdemingómez plant in Madrid.
Formalised this summer, the transaction includes multiple deliveries scheduled through January 2025.
This will enable Cepsa Química to replace natural gas with biomethane in its Spanish plants, leading to more sustainable production.
Consumption of this biomethane is expected to reduce CO2 emissions by over 4,400 tons, equivalent to planting approximately 300,000 trees.
Cepsa’s trading director Alice Acuña said: “Our first biomethane purchase marks a significant step in our energy transition and decarbonisation strategy. It promotes sustainable energy that can be used right away while also supporting the circular economy through the processing of organic waste.”
Cepsa aims to manage a project portfolio of 4 TWh of biomethane annually by 2030, equivalent to the natural gas consumption of 650,000 households.