Spanish energy company Repsol has announced a substantial investment of more than €800 million in a renewable methanol project called Ecoplant in Tarragona, Spain. This innovative facility will be the first in Europe to produce renewable and circular methanol from municipal solid waste through gasification processes. With a capacity to process 400,000 tons of waste annually, it will generate 240,000 tons of renewable fuels and circular products. The Ecoplant is scheduled to commence operations in 2029 and is anticipated to create around 340 jobs directly and thousands more during the construction phase. The project has received backing from the European Union's Innovation Fund due to its potential to lower emissions. It aligns with the EU's objectives of reducing carbon intensity in maritime transport significantly, with a focus on achieving a 40% reduction by 2030 and a 75% reduction by 2050. Repsol emphasizes the importance of renewable diesel and renewable methanol as efficient solutions for these goals, highlighting their technological maturity compared to alternatives like renewable hydrogen and ammonia. Repsol's strategic vision includes positioning itself as a key player in renewable fuel production in the Iberian Peninsula. By 2030, the company aims to produce up to 2.7 million tons annually, incorporating renewable hydrogen and biomethane into its portfolio. Integrating the Ecoplant into their existing industrial complex in Tarragona will leverage infrastructure synergies and accelerate the area's transformation into a multi-energy hub.