PETRONOR | Starts construction work in a synthetic fuel plant in the port
Petronor/Repsol has begun construction work for a synthetic fuel production plant in the port of Bilbao. The work will continue for the next two years and will be an investment of 103 million euros, much more than the initially planned 80. A project for the valorisation of urban waste will also be initiated, aiming to obtain low-carbon energy. With this so-called “Decarbonisation Hub”, the Company takes another step in its energy transition strategy.
The lehendakari (Basque Prime Minister), Iñigo Urkullu, the president of Petronor, Emiliano López Atxurra, the CEO of Repsol, Josu Jon Imaz, the president of Kutxabank, Gregorio Villalabeitia and the deputy general of Bizkaia, Unai Rementeria were present, among others, in the ceremony to lay the foundation stone.
The synthetic fuel plant will be one of the largest installations of its type in the world and will produce zero-carbon fuel with water and CO₂ extracted from the atmosphere as sole raw materials. These synthetic fuels can be used in any current vehicles, such as cars, trucks, ships, or airplanes.
Moreover, there is a project for the valorisation of urban waste generated in the surrounding areas, such as paper, cardboard, plastic or cloth, to transform into energy. The fuel obtained will be used to partially substitute Petronor’s consumption of traditional fuels.