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BIG BIO PLANT
OIL company Cepsa has formed a joint venture to set up a large-scale biofuels plant. Cepsa and Bio-Oils, which process vegetable oils, have announced that they will invest €1 billion at Cepsa’s La Rabita Energy Park in Huelva.
The facility is targeting the annual production of 500,000 tonnes of sustainable aviation fuel (SAF) and renewable diesel for aviation, maritime and land transport. The use of biofuels can reduce CO2 emissions by up to 90% compared with conventional fossil-based fuels Cepsa described the project as ‘the largest second generation biofuels plant’ in southern Europe.
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