Cepsa, a Spanish multinational oil and gas company, has plans to invest more than €3 billion ($3.1 billion) to create the largest green-hydrogen hub in Europe.
Cepsa will establish the Andalusian Green Hydrogen Valley in southern Spain with the aim of producing 300,000 tons of green hydrogen per year. The hub will help drive the decarbonization of Cepsa’s Energy Parks where it will produce advanced biofuels for aviation (SAF), and maritime and heavy land transport.
The company plans to build two plants with a total capacity of 2 gigawatts to produce green hydrogen. The plants will be located in Palos de la Frontera (Huelva) next to Cepsa’s La Rábida Energy Park, and at the company’s San Roque Energy Park in Cádiz. The Huelva plant will start up in 2026, reaching full capacity in 2028, while the Cádiz facility will be operational in 2027. To generate the renewable electricity needed to feed production of green hydrogen, Cepsa also will develop a 3-gigawatt po