During the COP28 in Dubai it was announced that Cepsa and C2X have a joint ambition to develop a green methanol plant in the port of Huelva, southern Spain:

“We see a growing demand for green methanol to help industries like shipping, aviation and chemicals move away from fossil-carbon based alternatives. While this project has strong fundamentals it will need an enabling framework in order to offer a competitive source of green methanol to its target customers. We look forward to working with Cepsa and the Spanish government as we develop the project,” says Brian Davis, CEO of C2X. 

At the COP28 the Spanish Prime Minster Pedro Sánchez said:

“This project will not only represent a significant reduction of CO2 emissions. Green methanol will also allow us to advance in the decarbonization of hard-to-abate sectors, such as shipping or the chemical industry. In other words, this is a significant step towards a future free of fossil fuels. This investment is fully aligned with Spain’s strategy of reindustrialization and energy transition. We want that 81 % of our power generation come from renewable sources by 2030. Green hydrogen will play a crucial role and, thanks to projects like this, Spain stands as a global reference.”

The project’s aim is to reach an estimated annual production capacity of 300,000 tons of green methanol.  A final investment decision for this project is expected to be made in 2025. 



Media enquiries
Cepsa – Communications Department
medios@cepsa.com
Tel.: (34) 91 337 60 00
www.cepsa.com

C2X
Rikke Dahl
media@C2X.com
+ 45 29 22 21 43
www.c2xglobal.com






About Cepsa
Cepsa is a leading international company committed to sustainable mobility and energy with a solid technical experience after more than 90 years of activity. The company also has a world-leading chemicals business with increasingly sustainable operations.

In 2022, Cepsa presented its new strategic plan for 2030, Positive Motion, which projects its ambition to be a leader in sustainable mobility, biofuels, and green hydrogen in Spain and Portugal, and to become a benchmark in the energy transition. The company places customers at the heart of its business and will work with them to help them advance their decarbonization objectives.

ESG criteria inspire everything Cepsa does as it advances toward its net positive objective. Over the course of this decade, it will reduce Scope 1 and 2 CO2 emissions by 55% and its carbon intensity index by 15-20%, with the goal of achieving net zero emissions by 2050.



About C2X
C2X is aiming to make a significant contribution to a fossil-free future by accelerating the availability of green methanol in large quantities. C2X will develop, own, and operate green methanol production facilities in strategic locations, which will serve to de-fossilise the chemical and shipping sectors. The venture is majority owned by A.P. Moller Holding with A.P. Moller - Maersk as minority owner.