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Repsol acquires 40% of Genia Bioenergy to boost biomethane production

Biomethane could account for almost half of the natural gas consumption in Spain, reaffirming its relevance in the current energy scenario.

Joshua Falcón.

April 11, 2024

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With the recent acquisition of 40% of Genia Bioenergy, Repsol validates its entry into biomethane production, adding an important set of human and technical resources to its main portfolio of services.

Repsol’s energy target

Biomethane has become an essential component of the European Union’s energy target under the RePower EU Plan to increase its production by 8% by 2030, compared to 2022 levels. According to Sedigas, biomethane could account for almost half of natural gas consumption in Spain, reaffirming its relevance in today’s energy landscape.

This agreement involves the incorporation of 19 biomethane plants under development and 11 additional projects in preliminary stages, all under the direction of Repsol, which will be responsible for the total purchase of the biomethane produced. These projects are intended to form a platform for the promotion of agro-industrial ecosystems.

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Genia Bioenergy stands out for being the only Spanish company that comprehensively covers the biogas and biomethane value chain, from the development of technologies and solutions to the engineering and operation of projects. The company uses innovation to develop integrated valorization models, facilitating collaboration between the different actors in the production chain for the generation of renewable gases and sustainable resources.

The importance of biomethane production

Biomethane is a sustainable alternative to natural gas, produced from organic waste such as agricultural and livestock waste. This option offers a solution to the conventional use of gas and also opens doors to diversified industrial applications, such as the production of renewable fuels. production of renewable fuels and chemical products.

In Spain and Portugal, the biomethane sector is in an incipient but promising phase, offering an effective solution to organic waste management and promoting rural economic activity. Gabriel Butler, CEO of Genia Bioenergy emphasizes the importance of these biomethane plants in moving towards a decarbonized economy that is less dependent on foreign energy, in line with European guidelines on waste management.

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Source and photo: Repsol