- Investment of 1 billion euros and creation of 2,500 jobs
- Annual production capacity of 300,000 tons of green methanol
- Project aims to reduce CO2 emissions by up to 1 million tons
- Operations expected to begin in 2028
Investment and Job Creation
Cepsa and C2X are investing up to 1 billion euros to develop Europe's largest green methanol plant in the Port of Huelva. This project is expected to create 2,500 direct and indirect jobs, positioning Huelva and Andalusia as key players in the energy transition.
Production Capacity and Environmental Impact
The plant will have an annual production capacity of 300,000 tons of green methanol, which will help avoid the emission of up to 1 million tons of CO2. This makes it one of the five largest green methanol plants globally.
Project Timeline
The final investment decision is scheduled for next year, with the plant expected to begin operations in 2028. The facility will be located at Punta del Sebo in the Port of Huelva.
Strategic Importance
This initiative aims to supply sustainable energy for shipping, air transport, and the chemical industry, among other hard-to-abate sectors. The project leverages Andalusia's strategic location and port infrastructure, particularly the ports of Huelva and Algeciras, to strengthen its position as a European hub for renewable fuels.
Local and Regional Support
The project has received strong support from local and regional authorities, including the Regional Government of Andalusia and the City Council of Huelva. The collaboration between Cepsa and C2X is seen as a significant step forward in making Andalusia a global leader in sustainability and green energy transport.
Future Prospects
Green methanol, produced using green hydrogen and non-fossil carbon sources, offers a sustainable alternative to conventional methanol. It can significantly reduce CO2 emissions in industries such as maritime and air transport without requiring major changes to existing infrastructure.
