Cepsa aims to be regional leader in green hydrogen

Madrid-based energy company eyes key role in green hydrogen trade between Europe, Africa and the Middle East

Spanish oil, gas and chemicals company Cepsa plans to position itself as the leading green hydrogen producer in Spain and Portugal and to establish a European “export gateway” for the clean fuel in Spain’s Andalusia region. The push into green hydrogen will form part of a €7-8bn ($8-9bn) investment in cleaner technologies this decade. Cepsa aims to increase the proportion of its Ebitda attributable to its sustainable business to more than half by 2030, up from 14pc this year. The company, which is already one of Spain’s largest producers of grey hydrogen, will develop green hydrogen production capacity equivalent to 2GW in Spain and Portugal by 2030. It also plans to develop a 7GW pipeline o