Cepsa and C2X have announced a joint ambition to develop one of the world’s five largest green methanol plants in the port of Huelva, southern Spain, entailing an investment of up to €1bn (US$1.1bn).
Catering to the shipping and chemical industries, the plant will have an annual production capacity of 300,000 tonnes, preventing the emission up to 1m tonnes of CO2, and if approved, create 2,500 jobs.
Green hydrogen produced in the Andalusian Green Hydrogen Valley being developed by Cepsa and partners in southern Spain will supply part of the hydrogen required by the plant.
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