Cepsa, a Spanish multinational oil and gas company, plans to manage an annual portfolio of 4 TWh of biomethane by 2030, which is enough to power 650,000 households.
The company has recently been certified as a biomethane trader by ISCC, the international certification body for biomass and bioenergy. Cepsa has already initiated its trading activities, completing its first purchase of biomethane in Spain. The acquisition involved 25 GWh of renewable gas derived from urban organic waste at the Valdemingómez plant in Madrid.
The deal, formalised this summer, includes multiple deliveries through January 2025, allowing Cepsa Química to replace natural gas with biomethane in its Spanish facilities. This transition is expected to cut CO2 emissions by over 4,400 tons, roughly equivalent to planting 300,000 trees.
Cepsa’s Trading Director Alice Acuña said, “Our first biomethane purchase marks a significant step in our energy transition and decarbonization strategy. It promotes sustainable energy that can be used right away while also supporting the circular economy through the processing of organic waste.”
Biomethane can cut CO2 emissions by over 90% compared to natural gas over its lifecycle. Produced from biogas through the anaerobic digestion of biodegradable organic waste, this second-generation biofuel undergoes a purification process to become usable. It can be stored or injected into existing gas infrastructure, mimicking natural gas.
Cepsa aims to handle 4 TWh of biomethane annually by 2030, which will significantly lower CO2 emissions from its energy and chemicals operations while aiding in green hydrogen production and sustainable mobility. The company is committed to reducing its CO2 emissions (Scope 1 and 2) by 55% by 2030 from 2019 levels and achieving carbon neutrality before 2050. Additionally, Cepsa plans to reduce the carbon intensity of the energy it sells by 15-20% by 2030, with biomethane playing a key role in these efforts.