Abu Dhabi’s Spanish Refiner Aims to Be Global Hydrogen Behemoth
- Cepsa announces clean-energy strategy with focus on Spain
- Plan includes green hydrogen, biofuels for heavy industry
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Cepsa SA, the Spanish refiner controlled by Abu Dhabi’s sovereign wealth fund, announced a sweeping clean-energy strategy as the European oil industry races to find new fuel sources.
In an attempt to differentiate itself from other European oil firms that have announced similar transitions, Madrid-based Cepsa will focus on developing energy for heavy transportation and industries. This includes green hydrogen and biofuels for trucking, shipping, airlines and other industries, according to Chief Executive Officer Maarten Wetselaar.