Driving Sustainable Transformation: Moeve Joins Global Impact Coalition for Net-Zero Chemicals
Key Ideas
  • Moeve, formerly Cepsa, joins the Global Impact Coalition to advance sustainable solutions in energy, chemicals, and mobility.
  • The company's 2030 Positive Motion strategy focuses on green hydrogen, biofuels, and renewable chemicals through an €8 billion investment plan.
  • Moeve's expertise in sustainable businesses will contribute to industry-wide sustainability solutions and collaborative projects within the GIC.
  • The partnership signifies a crucial step in bridging the gap between the energy and chemical industries to drive systemic change towards a more sustainable future.
The Global Impact Coalition (GIC) has welcomed Moeve, a global company with a strong focus on sustainability, as its newest member. Moeve, previously known as Cepsa, has a substantial annual revenue and is dedicated to advancing sustainable solutions in energy, chemicals, and mobility. This partnership emphasizes the significance of cross-sector collaboration in reducing emissions across the chemical industry and accelerating the shift towards a circular and low-carbon economy. Moeve's 2030 Positive Motion strategy involves a significant €8 billion investment plan, with a majority allocated to sustainable businesses like green hydrogen, second-generation biofuels, and renewable chemicals. By joining GIC, Moeve aims to leverage its expertise in these areas to shape sustainability solutions at an industry-wide level. The company will engage in various working groups within GIC, starting with sustainable olefins, highlighting the increasing need for integrated solutions across industries. Executives from Moeve expressed their enthusiasm about joining GIC, emphasizing the importance of collaboration in driving sustainable transformation. The platform provides Moeve with the opportunity to work alongside industry leaders to accelerate sustainable practices and reduce emissions. Carlos Barrasa, an executive vice president at Moeve, highlighted the significance of studying and promoting synthetic fuels like e-SAF to align with EU goals. GIC, incubated at the World Economic Forum, was established by leading global chemical companies to facilitate the transition to a circular and net-zero future. By fostering collaborative projects and innovative business models, GIC functions as a platform for co-creation and commercialization of transformative technologies. Moeve's inclusion in GIC signifies a major advancement in bridging the gap between the energy and chemical sectors, reinforcing GIC's pivotal role in promoting systemic change for a more sustainable future.
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