Moeve joins Global Impact Coalition to drive sustainable industry transformation

Tuesday, March 25, 2025

2 minutesmin

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Chemicals

Energy Transition

Global

Energy leader expands GIC’s value chain reach and joins efforts to scale low-carbon solutions

The Global Impact Coalition (GIC), a CEO-led collaborative platform committed to enabling a net-zero chemicals future, is pleased to welcome Moeve as its newest member. Formerly known as Cepsa, Moeve is a global company with over €25 billion in annual revenue, dedicated to advancing sustainable solutions across energy, chemicals, and mobility. This partnership highlights the importance of cross-sector collaboration in developing sustainable and commercially viable solutions to reduce emissions across the chemical industry, accelerating the transition to a circular and low-carbon economy.

Moeve’s membership expands GIC’s reach further upstream in the value chain, bringing critical expertise from the energy sector into sustainable chemical production. The company’s 2030 Positive Motion strategy includes an €8 billion investment plan, with over 60% dedicated to sustainable businesses such as green hydrogen, second-generation biofuels, and renewable chemicals. Moeve’s expertise in these areas will be instrumental in shaping industry-wide sustainability solutions.

As part of GIC, Moeve will participate in multiple working groups, starting with sustainable olefins. This collaboration, which underscores the growing need for integrated solutions spanning multiple industries, from energy to advanced materials, will enable the energy company to continue advancing on the development of technologies to produce e-SAF.

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“Sustainability requires deep collaboration across industries, and joining the Global Impact Coalition enables us to work alongside leading companies in the chemical value chain to accelerate sustainable transformation. We look forward to contributing our expertise in second generation biofuels and low-carbon feedstocks to drive meaningful progress in the industry.”

José María Solana - executive vice president of Chemicals at Moeve

Welcoming Moeve to the Global Impact Coalition, CEO Charlie Tan said, "Moeve brings a unique perspective to the Global Impact Coalition, broadening our value chain reach into upstream energy and new sustainable product solutions. Their expertise in green hydrogen, biofuels, and sustainable chemicals will strengthen our collective efforts to reduce emissions and enhance circularity."

In addition, Carlos Barrasa, executive vice president of Commercial & Clean Energies at Moeve, highlighted:

“At Moeve, we consider joining this platform very positive, as it will allow us to delve into the study and promotion of synthetic fuels such as e-SAF, whose importance will increase in the coming years in line with the goals set by the EU and our strategy to help decarbonize our clients.”

Carlos Barrasa - executive vice president of Commercial & Clean Energies at Moeve

Incubated at the World Economic Forum, GIC was founded by leading global chemical companies to accelerate the transition to a circular and net-zero future. By fostering collaborative projects and developing new business models, GIC provides a platform for co-creation and commercialization of transformative technologies.

Moeve’s addition to the Global Impact Coalition marks a significant step in bridging the gap between the energy and chemical industries, reinforcing GIC’s role in driving systemic change for a more sustainable future.

Moeve joins Global Impact Coalition to drive sustainable industry transformation

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