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REPSOL WILL INVEST 200 MILLION IN CARTAGENA IN THE FIRST ADVANCED BIOFUELS PLANT

Repsol will invest 200 million euros in the Cartagena (Murcia) industrial complex, which will have the capacity to produce 250,000 tons per year of advanced biofuels such as biodiesel, biojet, bionaphtha and biopropane, which can be used in planes, ships, trucks or cars, and that will reduce 900,000 tons of CO2 per year. The new facilities, which will come into operation in the first half of 2023, are part of the transformation process that Repsol has launched in its industrial complexes to decarbonize its processes and manufacture products with a low, zero or even negative carbon footprint. The project uses the circular economy as one of the strategic pillars to accelerate the energy transition and achieve Repsol's goal of being a net zero emissions company by 2050. Brufau, the president of Repsol, has highlighted that "Cartagena is going to consolidate itself with this project as a supply center for fundamental products for the present and for the future and an example of Re