SANTA CRUZ DE TENERIFE, 24 May. (EUROPE PRESS) –
Cepsa will invest 400 million euros in this decade to lead the energy transition and become the great leader in electric mobility in the Canary Islands. The company will thus strengthen its position as the leading energy supplier in the Archipelago, transforming its activity to continue ensuring the energy supply of the Canary Islands, providing greener and more sustainable energy, and accelerating the transition towards sustainable mobility.
In Cepsa’s new strategy, ‘Positive Motion’, the decarbonisation of road transport and the mobility of the end customer play a fundamental role. In the next twelve months, the company will install 100 ultra-fast chargers of 150 kW in more than half of its establishments in the Islands; and, in 2024, it hopes to have these devices in all its Community Service Stations.
Likewise, Cepsa, the first supplier of fuels in all the ports and airports of the Community, will market second-generation biofuels in the Islands to decarbonize sectors that are so relevant for the Canary Islands, such as air and maritime transport, while promoting the circular economy.
With the aim of promoting sustainable tourism, the company is developing an ecosystem of alliances to promote sustainable tourism in the Islands and offer global solutions to its clients. In the field of aviation, Cepsa has reached two agreements with the main airlines that operate in Canarian airports: Binter, Iberia, Iberia Express and Air Nostrum, to promote the development and research of sustainable fuels for aviation (SAF, for its acronym in English). These fuels are produced from circular raw materials, such as used cooking oils, non-food animal waste or biodegradable waste from various industries. Compared to conventional fuel, SAF can reduce aviation emissions by up to 80% compared to conventional kerosene.
In order to continue ensuring the energy supply and facilitate the energy transition of the Islands, the company will build a strategic and digitized logistics infrastructure in the Port of Granadilla, which will allow energy transit and the distribution of all types of fuels, including biofuels. Cepsa has a concession in this port located in the south of the island of Tenerife, where it will install this new terminal that will be operational in 2025 and will have a capacity of 121,500 m3, of which more than half will be used to store fuel for the aviation.
During his visit to the Canary Islands, Maarten Wetselaar, CEO of Cepsa, highlighted: “We maintain a historic commitment to promote the energy transition in the Canary Islands. As the leader of the energy sector in the Islands, our ambition is to continue contributing to their social and economic development , ensuring the energy supply and providing increasingly clean energy, through the largest ultra-fast electrical charging network in the Archipelago and the supply of green molecules, essential for the decarbonisation of sectors as relevant to the Canary Islands as tourism, air transport and the maritime”.
SANTA CROSS GREEN 2030
Recently, Cepsa has begun the dismantling of the Tenerife Refinery, which will be carried out gradually over the next few years. To do this, the company will follow a schedule agreed upon with the Canarian Government, guaranteeing the energy supply of the Islands at all times. This project, called Santa Cruz Verde 2030, will allow these industrial lands, with an extension of more than half a million square meters, to be returned to the city of Santa Cruz at the end of this decade.
Teresa Ribera, Third Vice President of the Government and Minister for the Ecological Transition and the Demographic Challenge, visited this facility yesterday to learn about this unique de-installation and remediation project in Spain, where she highlighted its relevance, as it is a new milestone within Spain’s commitment to leading the energy transition in Europe.
POSITIVE MOTION, THE NEW STRATEGY FOR 2030
Through its new 2030 Strategy, ‘Positive Motion’, Cepsa seeks to become the leader in sustainable mobility and energy in Spain and Portugal, and to be a benchmark in the energy transition. To do this, it will become a company more focused on the needs of its customers, who also face their own challenges in the decarbonisation of their activities. Specifically, the company will create the main ecosystem for sustainable mobility and the largest network of ultra-fast electric recharging on roads in Spain and Portugal, and will lead the production of green hydrogen and biofuels in both countries, especially to decarbonize air traffic, through the production of SAF (sustainable aviation fuel).
Cepsa will invest between 7,000 and 8,000 million euros in this decade, of which 60% will be allocated to sustainable businesses from 2023. All this will translate into a greater contribution of sustainable businesses to EBITDA, which will contribute more than half in 2030.
Likewise, Cepsa wants to go beyond net zero emissions and reach Net Positive, allowing customers and society to move in the right direction. The company has established an ambitious roadmap to cut its emissions, placing itself among the leading companies in its sector. Specifically, in 2030, it will reduce its CO2 emissions (scope 1 and 2) by 55% compared to 2019, and aspires to reach zero net emissions in 2050 and go beyond, contributing positively (Net Positive). Regarding scope 3, the carbon intensity of its products will be reduced between 15 and 20% in 2030.
SOCIAL COMMITMENT TO THE CANARY ISLANDS
Since the beginning of its activity in 1930, Cepsa has maintained a strong social commitment to the Islands.
Currently, it carries out this work through the Cepsa Foundation, which collaborates with different entities and institutions to promote projects aimed at improving the quality of life of disadvantaged groups, conserving biodiversity and promoting environmental awareness, as well as promoting research, training and dissemination , among other actions, through a Chair on Ecological Transition and Innovation at the University of La Laguna.
In 2021, nearly 19,000 people benefited directly from the initiatives promoted by Fundación Cepsa in the Islands, thus endorsing its responsibility to Canarian society.
