Cepsa partners with Fertiberia for the production of green hydrogen

Feb. 22 (Reuters) – Energy company Cepsa on Wednesday announced an agreement with Fertiberia to decarbonize its production processes through the joint development of a renewable hydrogen plant in the Spanish province of Huelva that will use renewable energy.

This is the largest agreement of this type signed to date, according to a press release from the companies, which are the main producers and consumers of hydrogen in Spain, with more than a third of national consumption.

Both groups will continue to invest in the development of the Andalusian Green Hydrogen Valley in Huelva to jointly optimize their decarbonization plans, including the production of green hydrogen and other renewable gases.

“(Cepsa and Fertiberia) will create a pioneering circular economy for the production of hydrogen, ensuring the supply of the new renewable energy vector to the entire industrial fabric of the area and strengthening the synergies between its factories”, indicates the communicated.

Cepsa already announced in December that it would invest 3,000 million euros in the Andalusian project, which is the largest green hydrogen project in Europe, with a capacity of 2 GW and a production of up to 300,000 tons.

The group, which is not listed on the stock exchange and is owned by Mubadala (Abu Dhabi’s sovereign wealth fund) and the investment company Carlyle, presented a strategic plan in March 2022 to invest 7,000 to 8,000 million euros in this decade with the objective of orienting your company towards green energies.

The agreement announced Wednesday with Fertiberia also provides for the production of renewable fuels (green methanol and ammonia) in Huelva and other peninsular provinces.

(Reporting by Tomás Cobos; editing by Flora Gómez)