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Repsol Expands Renewable Diesel Capacity with New Spain Plant, Bloomberg Analysis Says

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Repsol expanded its renewable fuels footprint with the start-up of a new production plant in Spain, enhancing its position in Europe's fast-growing low-carbon fuels market and narrowing the gap with regional leader Neste Oyj, according to data compiled by Bloomberg.

The company said in a statement on Tuesday that it has begun operations at its Puertollano facility, which is designed to produce 200,000 metric tons of renewable diesel per year from used cooking oil and other agri-food waste streams.

Repsol said it invested 130 million euros ($151 million) to convert an existing refinery unit at the site south of Madrid from fossil-fuel processing into a plant capable of handling waste-based feedstocks.

The addition lifts Repsol's total renewable fuels capacity to more than 1.4 million mt annually, surpassing the capacity of Carlyle Group- and Vitol-backed Varo-Preem joint operations, Bloomberg said.

Repsol said that using fuel produced at the Puertollano unit will prevent the emission of approximately 700,000 tons of carbon dioxide per year over the product's entire life cycle.

Bloomberg, citing information from Repsol, said it equated to a 98% reduction compared with mineral-based fuel.

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