Biofuels
We are working to lead the production of biofuels in Spain and Portugal by 2030.
Biofuels are a type of renewable fuel that comes from organic matter. Their main characteristic is that they have significantly lower net CO2 emissions in their life cycle than traditional fossil fuels.
The second-generation (2G) biofuels, produced from organic waste, such as used cooking oils, agricultural or livestock waste or forest biomass, among others.
At Moeve, we are building the largest complex of 2G biofuels in southern Europe, with the goal of reaching a production capacity of 2.5 million tons by 2030.
Their renewable nature means that biofuels 2g produce significantly lower net CO2 emissions during their life cycle than traditional fossil fuels (up to 90% less). This is very beneficial in sectors that are difficult to electrify, such as industry or heavy land, air, and sea transport.
As they are chemically analogous to the fossil fuels used in current vehicle, truck, ship, and aircraft engines, they can partially or completely replace them without modifications. This means that they can be used now, accelerating the energy transition.
When produced from organic waste, they give a second life to waste that would otherwise end up in landfills. This makes them a sustainable energy solution that promotes the circular economy.
They are an alternative to traditional fossil fuels, such as oil and gas, which makes it possible to diversify energy sources and, as a result, contribute to increasing the security of supply and the strategic energy independence of Spain and Europe.
Mature technologies already exist to produce them and, in some cases, existing industrial facilities can be reused, with certain modifications, to manufacture them.
We are committed to the development of biofuels, an immediate energy alternative to achieve our decarbonization goals.
Biofuels can replace traditional fuels both in their liquid state (as substitutes for diesel, gasoline, or kerosene) and in their gaseous state (replacing natural gas or liquefied petroleum gas, also known as LPG).
And they are a sustainable partner in difficult-to-electrify sectors such as aviation, heavy road freight transport, or maritime transport.
In Spain, biofuels have been used for years in diesel and gasoline engines, mixed with conventional fuels. The obligation to incorporate biofuels in road transport is 10.5% in 2023 and 11% in 2024, which will increase to 12% in 2026.
Produced from oils and fats through esterification/transesterification processes. It can be blended in a wide range of percentages with diesel. Currently, in Spain it is used up to 7% in road transport and can be used up to 100% in maritime transport. Although it is most commonly found in blends of 30%.