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CHAPTER 4 Responsible management

At Cepsa we have a fully integrated value chain, with a production and consumption model based on maximising the use of raw materials, by-products and energy, and on the synergies between our busi- nesses and other organisations, aligning our production model with the concept of the circular economy. Proof of this and of our commitment to continue making progress in minimising the use of natural resources and in the exploitation of the products and waste we generate is our accession to the National Pact for a Cir- cular Economy, which includes the main economic and social agents in Spain. As a challenge for 2020, we will publish our Position on the Circular Economy, which will integrate this ambition at all levels of the organisation, with a view to promoting the improvement of resource use efficiency in our company.

Along these lines, we are promoting and developing numerous projects that fur- ther strengthen the commitment to the circular economy model. Particular note

should be taken of how we have imple- mented the manufacture of rubber mo- dified bitumen, which significantly reduces the consumption of raw materials, or work with suppliers to reduce their envi- ronmental impact and the improvement of energy efficiency. And as a project under evaluation, the co-processing of vegetable waste, together with the raw vegetable oil used to manufacture fuels. At present, all vegetable oil is certified, thereby guaranteeing compliance with the related sustainability requirements; this certification system will include the aforementioned waste and the im- plementation of more modern filtration plants, which will allow for a greater vo- lume of water to be recycled at our refi- neries.

We categorise our raw materials by their renewable and non-renewable origin, controlling at the same time the packa- ging materials used in the Commercial and Distribution business, with crude oil being our main raw material.

CIRCULAR ECONOMY

MATERIALS BY BUSINESS (THOUSANDS OF TONNES)

Renewable Non-renewable

2019 2018 2017 2019 2018 2017

Refining 506 441 321 20,921 21,607 20,539

Chemicals - - - 4,033 4,103 4,264

Marketing 172 165 102 24 22 6