Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spanish multinational financial services group headquartered in Bilbao and Madrid. Formed in 1999 from the merger of Banco Bilbao Vizcaya and Argentaria, it is one of Spain’s largest banks with significant operations in Mexico (BBVA México), South America, and Turkey (Garanti BBVA). BBVA is listed on the Bolsa de Madrid and is a constituent of the IBEX 35 index; it sold its U.S. retail banking subsidiary in 2021.
BBVA provides retail and commercial banking, corporate and investment banking, and asset management. For industrial clients, including chemicals, it offers trade finance, cash management, project and structured finance, working‑capital solutions, and risk management services such as foreign exchange and commodities hedging. The group has developed extensive digital banking capabilities and reports on climate and sustainability targets, including financing for energy-transition and infrastructure projects in its core markets.
chemXplore tracks 1 project involving BBVA, of which one is active.
BBVA's role on them: Investor / Financier.
1 new construction.
Targeting: Sustainable Aviation Fuel (1)
Net income €458m, capex €605m and operating cash flow €762m; leverage fell to 1.2x; groundbreaking for 300 MW Andalusian Green Hydrogen Valley on Sept 17; Galp merger talks continue.
Project finance backs a 511‑m berth already over 50% complete to serve 2G biofuels logistics, improving handling of sustainable feedstocks and renewable fuels.
Bahia biorefinery to produce 1 billion litres/year of SAF and HVO, targeting start of operations in 2029.
€9bn 5‑year revolver with 2‑year extension option refinancing prior €6bn and €3bn lines; provided by 28 banks, ~40% oversubscription, maintains financial flexibility and extends maturity
The facility includes two tranches, supports ESG goals, and involves multiple banks. It refinances existing credit and offers a $400M Accordion Option.
The facility includes $2.11B one-year, $700M two-year tranches, and a $500M accordion. It was oversubscribed, adding four new banks, enhancing liquidity for energy commodities.
Financing will fund Campana refinery upgrade to produce ultra‑low sulfur diesel, cut sulfur emissions and reduce Argentina’s fuel imports.
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