Repsol is entering the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy. This alliance allows Repsol to add significant human and technical capabilities to position itself early in this growing sector.
Biomethane is considered strategic by the European Union - which has set itself an ambition to increase its production eightfold by 2030 compared to that recorded in 2022 - in its RePower EU program. The Spanish Gas Association (Sedigas) estimates that biomethane could account for almost half of Spain's natural gas consumption.
The agreement between Repsol and Genia Bioenergy includes 19 of its biomethane plants, which are under development. In addition, there are 11 other projects in an early stage of development. Repsol will purchase all the gas produced by these projects, which will also form a unique platform for creating agro-industrial ecosystems capable of boosting local economies and offering solutions for the valorization of their waste.
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