Repsol, a Spanish multi-energy company committed to a sustainable world, has entered the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy, the only Spanish company that integrates the entire biogas and biomethane value chain. This alliance allows Repsol to add significant human and technical capabilities to position itself early in this growing sector.
Biomethane is considered strategic by the European Union in its RePower EU program. The Spanish Gas Association estimates that biomethane could account for almost half of Spain’s natural gas consumption.
The agreement between Repsol and Genia Bioenergy includes 19 of its biomethane plants, which are under development. In addition, there are 11 other projects in an early stage of development. Repsol will purchase all the gas produced by these projects, which will also form a unique platform for creating agro-industrial ecosystems capable of boosting local economies and offering solutions for the valorization of their waste.
Genia Bioenergy offers a comprehensive approach to biogas and biomethane production.
Their expertise encompasses the entire value chain, from technology development and solutions to engineering, construction, and ongoing biological operation of biogas projects. Through innovation and value model creation, they facilitate collaboration among all stakeholders within the production chain and waste management sectors.
The emerging biomethane industry in Spain and Portugal contributes to solving the problem that organic waste currently represents for administrations, since it takes advantage of waste that would otherwise generate emissions into the atmosphere as it degrades in landfills. It also represents an opportunity to generate economic activity in rural areas.
For Repsol’s Executive Managing Director of Industrial Transformation and Circular Economy, Juan Abascal, “this agreement is an important step forward in our strategy to take advantage of material that would otherwise be wasted and transform it into fuels for the home, industry and mobility. Genia Bioenergy’s experience, talent and assets will allow us to position ourselves as an integrated player in the entire biomethane value chain”.
And according to Gabriel Butler, CEO of Genia Bioenergy: “The development of biomethane plants advances Spain’s goal of decarbonization of the economy, reduces its energy dependence on foreign countries and provides a sustainable response to European guidelines on waste management. It also means the creation of qualified jobs and the boosting of economic ecosystems around waste, especially in rural environments.”
