Cepsa’s Director of Energy Parks, Antonio Joyanes, stressed that “the circular economy is the key” at an informative meeting on Cepsa’s 60 years of presence in Andalusia.
The director of Cepsa’s Energy Parks, Antonio Joyanes, stressed on Monday in Huelva that the company aims for 50% of its pre-tax profit to be “bio-based” by 2030, as he stressed that the transformation it is going to undertake is “enormous” because investing in “other energy solutions” is “fundamental”.“The circular economy is key, because the world now has eight billion inhabitants and resources are limited”.
This is what Joyanes said at an informative meeting on its 60 years of presence in Andalusia, in which it discussed its future projects in the autonomous region, including the Green Hydrogen Valley project, which it will develop at its plants in Huelva and San Roque (Cádiz) and which requires “an enormous economic effort” of “around 5. 5 billion euros over the next few years”, as well as an “enormous technical effort”, which is why “they are betting on alliances”, something that will cause “business models to change radically”.
Joyanes added: “Green hydrogen is a pharaonic project that requires a long transition, but we want to be pioneers. The chemical poles of southern Europe are already the most competitive in Europe. We aspire to be leaders in the energy transition with the Andalusian valley of green hydrogen and Huelva is the ideal place to start,” he said.
Information by: Huelva Información.
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