Cepsa and Evos join forces for green methanol storage in Spain and the Netherlands

Cepsa and Evos join forces for green methanol storage in Spain and the Netherlands

The partnership expands both companies’ market positions in green hydrogen derivatives and enables the logistics for the transport of these products between the South and North of Europe

  • By ICN Bureau | April 22, 2024

Spanish energy company Cepsa has signed an agreement with Evos, a leading liquid energy and chemical storage company with hubs in strategic locations across Europe, to enable the storage of green methanol to be produced by Cepsa at Evos’ storage facilities in Algeciras and Rotterdam. The partnership, which also provides for the storage of green ammonia at Evos’ facilities in Algeciras, facilitates the logistics for the transport of green hydrogen products between key strategic ports in Spain and the Netherlands.

Cepsa and Evos will also jointly study logistics for biofuels in other terminals of the Evos network in Northwest Europe, including Amsterdam.

The agreement was signed at the Port of Amsterdam in the presence of Dutch Minister for Climate and Energy Policy and Deputy Prime Minister Rob Jetten.

Cepsa CEO Maarten Wetselaar said: “Through strategic partnerships, Cepsa is building a network of green molecule supply stretching from Spain to northern Europe. This alliance with Evos provides crucial storage infrastructure which will enable the flow of green methanol produced in southern Spain into northern Europe, reinforcing the viability of our large-scale green hydrogen projects. Last year, we announced the development of one of the largest green methanol projects in Europe as part of our Andalusian Green Hydrogen Valley, and this new partnership provides us with the end-to-end solution to bring these green molecules to our customers in Northwest Europe as we support decarbonization efforts across the continent.”

Harry Deans, CEO of Evos said: "As Evos extends its reach within the Green Import Corridors of Northwest Europe and propels the growth of our Algeciras terminal in Spain, we are pleased to join forces with Cepsa to provide essential infrastructure to accelerate the energy transition. This collaboration will pave the way for a South-North corridor for green hydrogen products, aligning seamlessly with the strategy for our eight terminals, located in key strategic ports, to lead the energy transition in partnership with our clients.”

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