Cepsa has signed an agreement with Evos, a liquid energy and chemical storage company, to enable the storage of green methanol to be produced by Cepsa at Evos’ storage facilities in Algeciras and Rotterdam.
The partnership, which also provides for the storage of green ammonia at Evos’ facilities in Algeciras, facilitates the logistics for the transport of green hydrogen products between key strategic ports in Spain and the Netherlands.
Cepsa and Evos will also jointly study logistics for sustainable aviation fuel, renewable fuel from non-biological origin and hydrogen carriers, such as Liquid Organic Hydrogen Carriers (LOHCs) in other terminals of the Evos network in Northwest Europe, including Amsterdam.
The agreement was signed at the Port of Amsterdam in the presence of Dutch Minister for Climate and Energy Policy and Deputy Prime Minister Rob Jetten.
Cepsa CEO Maarten Wetselaar said: “Through strategic partnerships, Cepsa is building a network of green molecule supply stretching from Spain to northern Europe. This alliance with Evos provides crucial storage infrastructure which will enable the flow of green methanol produced in southern Spain into northern Europe, reinforcing the viability of our large-scale green hydrogen projects.”
Harry Deans, CEO of Evos said: "As Evos extends its reach within the Green Import Corridors of Northwest Europe and propels the growth of our Algeciras terminal in Spain, we are pleased to join forces with Cepsa to provide essential infrastructure to accelerate the energy transition.
“This collaboration will pave the way for a South-North corridor for green hydrogen products, aligning seamlessly with the strategy for our eight terminals, located in key strategic ports, to lead the energy transition in partnership with our clients.”
Cepsa is developing alongside partners the Andalusian Green Hydrogen Valley that which will entail two green hydrogen plants with a total capacity of 2 GW, a green methanol plant that aims to reach an estimated annual production capacity of 300,000 tons, and a green ammonia plant with an annual production capacity of up to 750,000 tons.
By 2050 the demand for methanol could triple to some 300 million tons per annum, with the majority being for green methanol.
Cepsa and Evos collaborate on green methanol storage
