London — Spanish oil company Repsol sees biofuels as a near-term option for the maritime and aviation industries as they adapt to meet climate goals, with synthetic fuels as a potential option after 2030, Luis Cabra, head of Repsol’s technology and sustainability business, told S&P Global Platts in an interview.
“In the short-term to mid-term, we see biofuels, advanced biofuels as a good option for shipping and aviation,” Cabra said. After 2030, one technology which could take off is synthetic fuels, namely decarbonized fuel produced from captured CO2 and renewable hydrogen, he said.
Repsol plans to adapt its current refineries to sites generating renewable energy and the company is investing in its Bilbao refinery to demonstrate “that this technology may eventually become competitive,” Cabra said. Read more…..
Chart of the Day
Hydrogen, an already viable substitute for fossil fuels, has been struggling to gain traction for years. But that could soon change, thanks to Europe’s ambitious targets for scaling up green hydrogen production.