To Stay Relevant, a Spanish Energy Giant Turns to Waste [The New York Times]
REPSOL SA SP/ADR (REPYY)
NASDAQ:AMEX Investor Relations:
repsol.energy/en/shareholders-and-investors/index.cshtml
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Source: The New York Times
In a narrow valley with steep sides near the ancient city of Cartagena, Spain, a team of 150 engineers has just finished building a plant that could be a game changer for Repsol, the Spanish energy company, and a bellwether for the transportation industry.Emilio Mayoral, who manages the unit, said his colleagues were in the early days of brewing fuels for trucks and airplanes from what was formerly garbage. “It’s quite flexible,” he said. “We are currently using used cooking oil, but we can use other waste.”Repsol says these alternative fuels will cut emissions by up to 90 percent compared with the petroleum-based products they will replace. The new fuels emit some carbon dioxide when consumed, but they are produced from plants and other organisms that absorbed carbon dioxide during their lifetimes, which is factored into the emissions calculation.As an added benefit, this new generation of biofuel products performs as well as their fossil fuel counterparts, even in cold Northern Euro
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News
- Spain Shelves Energy Windfall Tax, Plans to Extend Bank Levy to 2027 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Repsol, S.A. reports Q3 results [Seeking Alpha]Seeking Alpha
- Repsol Halts Green Hydrogen Projects in Spain Amid Policy Changes [Yahoo! Finance]Yahoo! Finance
- Baker Hughes, Repsol Collaborate on Next-Gen AI for Oil Efficiency [Yahoo! Finance]Yahoo! Finance
- Repsol, S.A. (OTCMKTS: REPYY) was downgraded by analysts at BNP Paribas from a "strong-buy" rating to a "hold" rating.MarketBeat