Spanish major oil company, Cepsa announced its name change to Moeve, marking a historic milestone in the company’s transformation. This change positions Moeve as a leader in the European energy transition and demonstrates the significant progress achieved under its 2030 Positive Motion strategy, reinforcing its full commitment to sustainable energy and mobility.
Since launching its Positive Motion strategy in March 2022, the company has made significant progress on numerous projects and built an ecosystem of alliances with over 60 companies across various sectors to drive diverse value chains and bring these projects to life.
Additionally, it is developing what will become the largest 2G biofuels plant in southern Europe, located in Palos de la Frontera (Huelva), with an annual production capacity of one million tonnes of sustainable aviation fuel (SAF) and renewable diesel (HVO).
The Moeve service station network already has 160 operational ultra-fast charging points and is expected to end the year with 400 installed, as part of the development of one of the largest ultra-fast electric charging networks in Spain and Portugal. In parallel, it is embarking on an ambitious transformation of its customer touchpoints, broadening its offering of alternative energies, as well as new food, parcel pick-up and shopping services.
Maarten Wetselaar, CEO of Moeve, said: “Today is a proud moment for our family of over 11,000 professionals, as well as for our customers, partners, and stakeholders. I’m thrilled to share that, after more than 90 years as Cepsa, we are evolving into something new - Moeve - a brand committed to a sustainable future, with the majority of our profits set to come from sustainable activities by the end of this decade"
Full announcement Cepsa becomes Moeve
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