Spain’s Cepsa launches biofuel plant joint venture

Spanish energy company Cepsa has formed a joint venture to develop a large-scale biofuels plant in the south of the country with a tag price of up to €1 billion ($1.1 billion). Cepsa and Bio-Oils, the Spanish biofuels arm of Singapore-headquartered vegetable oils processor Apical Group, will jointly work on the facility, scheduled to come online in 2026, that will be built in Cepsa’s La Rabita Energy Park in Huelva, in Spain’s Andalusia region. The plant comprises two treatment units and will utilise organic non-food raw materials, including agricultural residues and used cooking oils.