Cepsa May Follow Repsol and Curb Green Hydrogen Investments
- Spanish refiner may give priority to projects overseas
- Repsol has shelved its investments in Spain for now over tax
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Spanish oil refiner Cepsa may follow larger rival Repsol and curb green hydrogen investments at home as the government looks at taxation changes.
“Cepsa is evaluating the fiscal impact of possible approval of a new permanent tax in Spain,” the company said by email. If the tax is approved, Cepsa will “slow the green hydrogen investments it had planned in Spain and prioritize its international expansion.”