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Spain ramps up its biofuel focus
The European Investment Bank (EIB) and Cepsa have signed a €285 million loan agreement for the construction of an advanced biofuels plant which will serve industries including marine, air and road transportion, in order to expedite decarbonisation.
Located next to the ¨La Rábida Energy Park¨ in Huelva, the plant, which Cepsa is building together with Bio-Oils, will produce sustainable aviation fuel (SAF) and renewable diesel (HVO), from organic waste such as used cooking oil or from agricultural waste.
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