| Project Detail |
The project concerns (i) the construction and operation of a 255ktpa first-of-a-kind second generation biofuels production facility at Repsols refinery in Cartagena (Murcia), based on a Hydrogenated Vegetable Oil (HVO) technology and; (ii) the support to research programmes toward advanced biofuels technologies conducted at the promoters facilities.
Objectives
The aim is to produce sustainable advanced biofuels for transport, including aviation (SAF - Sustainable aviation fuel), from used cooking oils and other fat-rich waste streams generated in food value chains, by using re-engineered HVO technologies. The development of second generation (advanced) biofuel production technologies is identified as a key technological pathway towards the decarbonisation of transport under the Renewables Energy Directive II (2018/2001/EU). It is also one of the priorities of the European Strategic Energy Technology Plan (SET-Plan) and projects of this kind have been receiving strong grant support throughout H2020 and Horizon Europe. The project is in line with several key EU policies, namely the Green Deal, REPower EU and the Fit-for-55 package (regarding the increase of renewables in transport and reduction of transport emissions), as well as with the aim of reducing dependence on Russian fossil fuels and fast-forward the green transition.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
EUR 251 million |
