Cepsa will supply liquefied natural gas (LNG) to ships through the first multi-product barge in Europe. The supply ship will be able to provide all types of marine fuels, from traditional fuels such a heating oils and diesels, through to the most innovative like LNG. Using the most advanced technology Cepsa will participate in the design and construction of the ship alongside its strategic business partner, Flota Suardíaz.
The project forms part of the ‘Core LNGas Hive’ initiative, selected by the European Commission, whose objective is to develop an LNG logistics network to promote the use of the gas as a fuel for transport, especially in the marine environment. The project is led by the country’s ports and coordinated by Enagas, and has 42 partners in Spain and Portugal, among them Cepsa. ‘Core LNGas Hive’ aims to lower carbon emissions in the Mediterranean and Atlantic and to promote clean energies for transport and care for the environment through the European Union.
The first barge will start operations in 2018 from the port of Barcelona, one of the most important in Europe. The Company will become the first supplier of this fuel ship-to-ship through a multi-product barge in Spain, and Barcelona will become the first port in southern Europe to offer it. A landmark for the Company and the Port that strengthens the position of both nationally and in Europe.
Cepsa is an energy group fully owned by the International Petroleum Investment Company (IPIC) that employs more than 10,000 people and operates at every stage of the hydrocarbon value chain: exploration and production of oil and gas, refining, distribution and marketing of crude oil and natural gas derivatives, biofuels, co-generation and electricity sales.
Cepsa has developed an important chemicals division that is closely integrated with the refining business, and that produces and markets the raw materials for high value-added products, principally used to make next generation plastics and biodegradable detergents. Cepsa has a leading position in Spain and, through the progressive international expansion of its business, also operates in several continents and markets its products across the world.