Spain's Moeve joins FMC with net zero bunkers pledge

: Biofuels, Fertilizers
25/01/21

Spain-based integrated energy company Moeve, formerly Cepsa, has joined the First Movers Coalition — a group of large private-sector companies aiming to decarbonise hard-to-abate industries such as steel, aluminium and shipping — with a new target to increase the use of emission-free marine fuels in its own fleet.

Moeve — Spain's largest supplier of conventional marine fuels — has pledged that at least 5pc of its deep-sea shipping fleet will run on emission-free marine fuels by 2030 as it expands capacity in low and zero emission bunkers.

The company is developing a 300,000 t/yr e-methanol production facility with Danish shipping firm Maersk's affiliate C2X at its 220,000 b/d refinery in Huelva, Southern Spain. Maersk is also part of the First Movers Coalition.

Moeve also plans to bring online a 750,000 t/yr green ammonia plant at its 244,000 b/d Algeciras refinery in 2027 as part of its plant to build 2GW of hydrogen electrolysis in southern Spain by 2030.

Moeve joins other Spanish companies including power utility Iberdrola and steelmaker Egui in the First Movers Coalition.

The First Movers Coalition was launched at the UN Cop 26 climate summit in Glasgow in November 2021. It is focussed on addressing sectors such as shipping, steel making and aviation, where emissions are hard to abate. These industries are responsible for around 30pc of global emissions, according to the coalition.

By Jonathan Gleave

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25/03/04

Morocco’s sulacid imports hit three-year highs in 2024

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St Louis harbor water levels to improve

25/03/04

St Louis harbor water levels to improve

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US tariff on Canadian potash imports goes ahead

25/03/04

US tariff on Canadian potash imports goes ahead

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Indonesia's Kaltim retenders to sell granular urea

25/03/04

Indonesia's Kaltim retenders to sell granular urea

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Australia should incentivise renewable fuels: Lobby

25/03/04

Australia should incentivise renewable fuels: Lobby

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