372019 ANNUAL AND CORPORATE RESPONSIBILITY REPORT
ENERGY TRANSITION Cepsa's commitment to the energy tran- sition is embodied in our Strategic Plan. In this sense, we focused on promoting two essential points: the search for efficiency and the transformation of our company. The main initiatives implemented in this sense are the following:
In the upstream area we promote the gas re-injection and market supply in order to decrease flaring and venting of gas. Moreover, we use bio-remedi- ation to treat used water in the wells. These joint actions have assisted to avoid the emission of nearly 45,000 tCO2.
We prioritize efficiency and operatio- nal excellence at our industrial facili- ties. Anually we implement new ener- gy efficiency measures including the change to fuels with a lower carbon content. With all these measures we have avoided the emission of 72,000 tCO2 eq since 2012 and we have re- duced our carbon intensity by 30% in our chemical plants and 18% in the refineries from 2005 to 2019.
With regard to bio fuels, we seek to reduce our dependence on external sources. We were pioneers in integra- ting biofuels production in our produc- tion chain and in our products with the fabrication of HVO (Hydrated Vegeta- ble Oil) since 2009, and now we seek to diversify our materials to be co-pro- cessed at our facilities with second generation materials such as used oil. This use is complemented by our FAME Bioenergy Plant in San Roque,
which was acquired by the company in 2017.
All electricity supply from all the chemical plants and from the Cepsa Tower are generated from certified re- newable sources.
We have acquired carbon credits to be able to make up for the CO2 emi- ssions produced at all our corporate events. The credits are earmarked for participation in a rainforest restora- tion project in Brazil whose target is to avoid deforestation of more than 4,000 Ha of rainforest and to make up for 1.4 million tCO2.
We have increased our activity in the electricity market with a total power represented of about 4GW, of which almost 1 GW of them are from re- newable origin and the rest comes from high efficiency combined cycle and cogeneration installations, po- wered by natural gas, which is a transi- tional energy.
We have started our entry in the re- newables market with our first eo- lic farm in Jerez. Moreover, we have signed up an agreement for the joint venture with Masdar to develop an in- vestment plan in renewable energies accross Spain and Portugal. The ini- tial aim is to generate between 500- 600MW of capacity.
We have started installing solar panels in 10 of our service stations with the aim of increasing the number of them.
"All the electricity we use at Cepsa Tower and our chemical plants in Spain comes from certified renewable sources."
