Repsol presents its Strategy Plan 2024-2027, designed to enhance the competitiveness of the Petronor facilities.

The Repsol Strategy Plan not only includes projects designed to enhance the competitiveness of Petronor's facilities, ensuring they remain among the most advanced in the world, but also provides for the development of new low-carbon initiatives, scaling them up to the necessary level and ensuring that investment is aligned with the regulatory environment. Investments in low-carbon initiatives are conditional on the regulatory and fiscal framework being developed in Spain.

One of these new projects is the synthetic fuel demonstration plant, scheduled for 2026. With an investment of more than 100 million euros, the project is a partnership between Repsol and Aramco. The plant will be one of the largest of its kind and poses a considerable technological challenge, as it is necessary to develop the technology to transform CO2 and hydrogen into synthetic fuels with the same properties as traditional commercial fuels.

Green hydrogen is another important means for decarbonising industrial complexes. Repsol, the largest producer and consumer of hydrogen on the Iberian Peninsula, plans to set up electrolysers at its six industrial centres in Spain and Portugal. At Petronor, it plans to commission a 10 MW electrolyser to produce hydrogen as feedstock for the synthetic fuels demonstration plant. Repsol also plans to commission a 100 MW electrolyser to produce hydrogen to be used as a feedstock to make renewable fuels and other decarbonised products. This project has been classified by the European Commission as 'Strategic and of Common European Interest' (IPCEI).

Source: Petronor