Cepsa, C2X to turn Port of Huelva into Europe's main green methanol hub
Published on: Jan 12, 2024
With an investment of up to €1 billion, the two companies plan to develop Europe’s largest green methanol plant.
The joint venture that Cepsa and C2X have formed to build and operate a green methanol production plant in the Port of Huelva, positions Andalusia at the cutting edge of global production of renewable energy for hard-to-abate sectors such as maritime and air transport.
This facility, which will be Europe's largest green methanol plant, will have an estimated annual production capacity of 300,000 tons, which will prevent the emission of up to one million tons of CO2. The final decision on the investment of 1 billion euros is scheduled for next year, while the plant would begin operating in 2028.
The CEOs of both companies, Maarten Wetselaar (Cepsa) and Brian Davis (C2X), presented the project and features of this mega-plant at a ceremony held in Huelva attended by Juan Manuel Moreno Bonilla, president of the Regional Government of Andalusia.
“Together we are strengthening Andalusia's position as a European hub for renewable fuels, leveraging our proximity to the important ports of Huelva and Algeciras for their distribution,” said Maarten Wetselaar, CEO of Cepsa.
Andalusia has the best conditions to be one of the most competitive and efficient in the world in the production of green hydrogen and methanol, according to the company.
