CHAPTER 7 Cepsa and the environment

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ENVIRONMENTAL INVESTMENT AND EXPENDITURE

In 2015 our environmental expenditure increased by 7% compared to 2014 and environmental investment doubled, mainly due to emissions reduction and energy efficiency projects in Cepsa Chemicals and Refining. Our efforts have focused primarily on reducing air emissions and wastewater treatment.

We continue to participate in the Spa- nish Carbon Fund, financing projects focused on reducing Greenhouse Gas (GHGs) in other countries.

The investments made in 2015 include:

Start-up of the azeotropic distil- lation at Guadarranque chemi-

cal plant, consisting of modifying dehydration units TA-2 and TA-3 to transform the current conven- tional distillation process into azeotropic distillation.

Processes for inerting drilling muds in 8 wells at the RKF - Alge- ria site.

Energy efficiency improvements in Refining and Petrochemicals fa- cilities.

Manhattan project for electricity production in Canada chemicals plant.

Our efforts have focused principally on reducing emissions and waste water treatment.