Cepsa and GETEC reach agreement to supply green hydrogen to industry clients in Europe
Rotterdam, May 10th 2023
Cepsa and GETEC have reached an agreement at the World Hydrogen Summit in Rotterdam by which Cepsa will supply green hydrogen to GETEC for the supply of green energy to GETEC´s industry clients in Europe starting in 2026. A further step in the consolidation of the green maritime corridor between the Andalusian Green Hydrogen Valley and the Port of Rotterdam, following agreements with both the port and ACE Terminal.
Cepsa and GETEC, one of Europe's leading energy service providers and contracting specialists for industry and the real-estate sector, have reached a cooperation agreement by which, at 2026, the Spanish energy company will supply green hydrogen and its derivatives to GETEC for use by its industry clients as part of their decarbonisation goals. GETEC provides heating, cooling and electricity to industry clients in various sectors such as chemical industry, automotive, food industry, pharma industry, biopolymer industry or paper industry, and has regional platforms in Germany, the BeNeLux, Switzerland and Italy.
Cepsa plans to start the first green hydrogen exports from Spain in 2026.The green hydrogen supply will arrive at the Port of Rotterdam, where hydrogen infrastructure is being developed for such intake and from there will be delivered to final supply points ready for use in the form that will be required by GETEC’s customers.
The Agreement between Cepsa and GETEC, signed at the World Hydrogen Summit in Rotterdam, represents the first commercial export deal for the Spanish company since announcing late last year the launch of the Andalusian Green Hydrogen Valley in southern Spain – the largest green hydrogen hub in Europe – and its agreement with the Port of Rotterdam to create the first green maritime corridor between southern and northern Europe. Cepsa also has an agreement with ACE Terminal in the Port of Rotterdam by which it will supply green ammonia for conversion into green hydrogen for multiple industries in northern Europe or for direct use in different applications, including bunkering.
Carlos Barrasa, director of Commercial & Clean Energies of Cepsa, who was present at the summit in Rotterdam, said: “At Cepsa we remain focused on the production and rollout of green hydrogen and are delighted to reach this agreement with GETEC to supply green fuel for their customers across Europe. This is yet another example of the opportunities for collaborative decarbonisation solutions made possible by the green hydrogen corridor between the Andalusian Green Hydrogen Valley and the Port of Rotterdam. At Cepsa, we continue to deliver on our Positive Motion strategy which will enable us to supply green hydrogen, at scale, to accelerate the energy transition in Europe.”
Thomas Schoepke, Member of GETEC´s Group Executive Committee, who was also present at the summit, said: ”GETEC's mission is to support its customers in achieving their decarbonization goals and thus drive forward the energy transition in Europe. The use of green hydrogen is a crucial pillar for decarbonization in the industrial sector. GETEC has already been involved in hydrogen projects such as HEAVENN in the northern Netherlands to supply our industrial customers with energy from hydrogen in the future. The agreement with such a renowned partner as Cepsa is an important step in this process."
Cepsa is developing 2GW of green hydrogen at its two Energy Parks in Andalusia, southern Spain, as part of its 2030 Positive Motion strategy to become a leader in sustainable mobility and the production of renewable hydrogen and advanced biofuels and a benchmark in the energy transition. The two hydrogen plants, with a €3 billion investment, will form part of the Andalusian Green Hydrogen Valley, for which Cepsa has recently signed a number of partnership agreements across the hydrogen value chain.
By importing green energy that can be produced competitively by Cepsa in southern Spain thanks to conditions such as ample sun, wind and land, a solid electricity grid and access to high traffic ports, the alliance with GETEC helps to decarbonize industry in other parts of Europe and ensure energy independence, security and affordability across the continent.
Cepsa is a leading international company committed to sustainable mobility and energy with a solid technical experience after more than 90 years of activity. The company also has a world-leading chemicals business with increasingly sustainable operations.
In 2022, Cepsa presented its new strategic plan for 2030, Positive Motion, which projects its ambition to be a leader in sustainable mobility, biofuels, and green hydrogen in Spain and Portugal, and to become a benchmark in the energy transition. The company places customers at the heart of its business and will work with them to help them advance their decarbonization objectives.
ESG criteria inspire all of Cepsa's actions as it advances toward its net positive objective. Over the course of this decade, it will reduce our Scope 1 and 2 CO2 emissions by 55% and the carbon intensity index of our products by 15-20%, with the goal of achieving net zero emissions by 2050.
GETEC is a leading partner to industry and the real estate sector for intelligent, efficient and green energy solutions in Europe. Our promise "We have the energy for more" is the guiding principle for over 2,400 employees who use excellent engineering know-how, outstanding control competence, high speed of action and proven sustainability expertise to navigate our customers through an increasingly complex energy world while reducing their environmental footprint. With 12,000 plants generating more than 5.4 GWth of thermal energy, GETEC is active in a total of nine countries from its four regional platforms in Germany, Switzerland, the Netherlands and Italy, generating sales of about 1.6 billion euros in 2022.
For more information about the GETEC Group, please visit: www.getec-energyservices.com
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