Owner Investor / Financier Operator Developer Offtaker
Moeve, S.A. is a Spanish multinational integrated energy and chemicals company headquartered in Madrid at Torre Moeve in the Cuatro Torres Business Area. Founded in 1929 as Compañía Española de Petróleos, S.A., it operated for nearly a century under the Cepsa brand before rebranding to Moeve in October 2024, with the formal legal name change completed in July 2025.
The company’s core activities include petroleum refining at three facilities with a combined annual capacity of approximately 21.5 million tonnes, distribution and marketing of energy products through a network of over 1,800 service stations in Spain and Portugal (progressively rebranding to Moeve), and production of sustainable chemicals. Its chemicals division leads globally in LAB and LABSA for biodegradable detergents and holds strong positions in phenol, cumene, acetone, and solvents, with all plants verified for low-carbon production.
Moeve maintains operations in 22 countries and employs approximately 11,000 people. It is actively transitioning under the Positive Motion 2030 strategy, investing up to €8 billion—with over 60% allocated to sustainable businesses—focusing on green hydrogen (including Europe’s largest project, the Andalusian Green Hydrogen Valley with 2 GW electrolysis capacity), second-generation biofuels, ultra-fast electric mobility, and decarbonization. The company has divested nearly 70% of its upstream oil and gas assets since 2022.
Ownership is primarily held by Cepsa Holding, LLC (61.36%), controlled by Mubadala Investment Company of Abu Dhabi, and Matador Bidco S.À R.L. (38.41%), controlled by The Carlyle Group. This positions Moeve as a key player in Spain’s energy sector and Europe’s broader transition to low-carbon energy and sustainable mobility.
Also known as Cepsa Bioenergía, Moeve, Planta Química de Palos, Cepsa, Compañía Española de Petróleos, S.A., Cepsa Chemicals and 17 more.
chemXplore tracks 16 projects involving Moeve, of which 8 are active.
Besides these 8, the record holds 8 completed projects.
Closest to start-up first.
3 more active projects and the 8 that are completed, on hold or cancelled are in the record. See all 16 in chemXplore →
1 active project carries no start-up date yet. The dates themselves, per project, are for subscribers.
Centralized, semi-automated electrolyzer cell assembly hub in Portugal to shorten lead times, raise throughput and deliver ready-to-install cell packages for projects across Europe.
First industrial-scale use of 100% renewable diesel in Spanish mining; local Huelva production could cut ~2,600 tCO2/yr. New 2G complex planned with €1.2bn investment.
First phase delivers 300 MW (option +105 MW), ~45,000 tH2/yr, >€1bn phase investment, €304m public support and an expected >8,000 jobs across the value chain.
First phase includes a 300 MW electrolyser (>€1bn capex), ~45,000 t H2/yr and ~250,000 t CO2 avoided; received €304m public funding and reached FID.
Joint public‑private platform to develop large‑scale projects using biomethane, renewable hydrogen and second‑generation biofuels to cut CO2 in steel production.
Selected to supply 60 heat exchangers for electrolyzer and balance-of-plant cooling at La Rábida; initial 300 MW electrolysis, expandable by 105 MW, targeting 45,000 t/yr green hydrogen.
Nearly doubled nine‑month order intake; wins Moeve 300‑MW contract with service package; discontinues SOEC mass‑production, incurring ~€30m one‑time EBIT hit and updating FY26 outlook.
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.
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The 6 sharing the most projects, of 11.
