CEPSA Measures

GHG management is centralised in two corporate units:

-A CO₂ Committee, whose mission is to ensure compliance with current legislation on GHG issues and to plan the measures to be taken in this respect.

-A GHG management department that establishes the CO₂ emissions monitoring system and supervises compliance with Kyoto Protocol guidelines and with European and national regulations. It also proposes and manages the strategies necessary to achieve the objectives set out by the Company for reducing emissions.

Energy saving and efficiency:

Energy efficiency translates into reductions in the use of raw materials and lower atmospheric emissions. The key lines of action include increased production of medium-grade distillates, process optimization, support for cogeneration, progressive substitution of fuel oil for natural gas, and the reduction in energy losses in the steam network.

Product enhancement:

The main product enhancements involved in the reduction of total net CO₂ emissions comprise addition of ETBE (based on agricultural ethanol) to gasoline, addition of Biodiesel (based no vegetable oils) to automotive diesel, and reduction in the sulfur content of fuels as permitted by the design of more efficient engines. All of this has been achieved through research and the application of high technology to production processes.

Use of Kyoto Protocol flexibility mechanisms

CEPSA participates in Joint Implementation projects and Clean Development Mechanisms via the Spanish Carbon Fund, and it takes the purchase of emission rights in the CO₂ market into consideration. The Company also tracks technological developments in the field of geological carbon sequestration, third generation biofuels and studies concerning renewable energy sources.