Moeve's €600 Million Investment to Boost Biomethane Production in Spain
Key Ideas
- Moeve, in partnership with other companies, plans an investment of €600 million to construct up to 30 new biomethane plants in Spain by 2030.
- The company aims to produce 4 TWh of biomethane by 2030, which will reduce CO2 emissions and contribute to green hydrogen production and sustainable mobility.
- Biomethane plants will promote economic development in rural areas, utilize waste for renewable energy production, and align with sustainable development goals.
- Moeve's commitment to decarbonization includes reducing CO2 emissions, being carbon neutral by 2050, and decreasing carbon intensity of energy sold by 15-20% by 2030.
Moeve, a leading international company in sustainable energy and mobility, has announced a significant investment plan of €600 million in partnership with other companies to build up to 30 new biomethane plants in Spain by 2030. The regions with the most potential for these plants are Andalusia, Catalonia, and Galicia. The company aims to produce 4 TWh of biomethane by 2030, which will result in the reuse of 10 million tons of waste annually, prevent the emission of 728,000 tons of CO2 per year, and provide energy for 568,000 households. By utilizing biomethane instead of fossil fuels, Moeve will reduce CO2 emissions from its energy parks, chemical plants, and industrial clients, while also contributing to green hydrogen production and promoting sustainable mobility. Partnerships with companies like Kira Ventures, PreZero, and InproEner are crucial for the development of these biomethane plants. Moeve's decarbonization strategy includes reducing CO2 emissions by 55% by 2030, aiming for carbon neutrality by 2050, and decreasing the carbon intensity of energy sold by 15-20% by 2030. Biomethane production aligns with sustainable development goals, promotes economic development in rural areas, and contributes to Spain's energy transition towards renewable sources.
Topics
Investing
Renewable Energy
Investment
Energy Transition
Rural Development
Sustainable Development
Carbon Neutrality
Agriculture
Circula Economy
Latest News