Cepsa Plans to Invest More than $3.8 Billion in Sustainable Energy & Mobility Projects over the Next 3 Years

March 3, 2023

Spanish energy company, Cepsa, has announced it plans to nearly double its investments over the next three years to $3.82 billion, with more than 50% devoted to sustainable energy and mobility projects. Cepsa recently launched “Driving Positive Impact,” Cepsa’s Sustainability Plan. Developed to drive the implementation of its Positive Motion Strategy (launche in March 2022), it ensures that Cepsa’s key stakeholders have a clear understanding of it strategic direction and priorities. Alongside the net zero and gender diversity targets, Cepsa’s Sustainability Plan includes commitments to increase the circularity of its waste streams by 50% in 2030, start the production of green hydrogen with recycled waste water, and reduce its freshwater withdrawal in water-stressed areas by 20% by 2025.

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