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Cepsa invests heavily in energy transition business

 Last Update: 2022-05-15
 Source: Internet
 Author: User

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Cepsa, the Spanish energy and petrochemical giant, said recently that it will invest between 7 billion and 8 billion euros in the energy transition business as part of its newly announced 2030 strategy

By 2023, more than 60% of the investment of 7 billion to 8 billion euros will be used for sustainable development business, mainly to create e-mobility ecosystem and charging network in Spain and Portugal, and become the leader of green hydrogen in Iberia producer, with a target capacity of 20 GW

Cepsa said that in the 2030 strategy, the chemicals business aims to achieve 30% of sales of low-carbon products by 2026

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