Repsol (REPYY) Advances Decarbonization in the Transport Sector [Yahoo! Finance]
REPSOL SA SP/ADR (REPYY)
NASDAQ:AMEX Investor Relations:
repsol.energy/en/shareholders-and-investors/index.cshtml
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Source: Yahoo! Finance
The new plant located in Cartagena, Spain, is dedicated to the production of 100% renewable fuels from organic waste such as used cooking oil or agri-food waste. It can produce renewable diesel and sustainable aviation fuels, which can be utilized by various means of transport, including cars, trucks, buses, ships and airplanes. Repsol has invested €250 million for the construction of the new unit in Spain. The plant, with a production capacity of 250,000 tons per year, can process around 300,000 tons per year of organic waste. According to Repsol, the production of renewable fuels in Cartagena will prevent emissions of 900,000 tons of CO2 per year. Renewable fuels significantly decrease net emissions by approximately 90% due to their lower carbon intensity compared to the conventional mineral fuels. Repsol has taken a significant step toward decarbonization of the transport sector in the Iberian Peninsula. By recycling organic waste to produce renewable fuels, the company is pr
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- Repsol S.A. reports Q1 results [Seeking Alpha]Seeking Alpha
REPYY
Earnings
- 4/26/24 - Miss
REPYY
Analyst Actions
- 2/23/24 - JPMorgan Chase & Co.