GA_P Advises Cepsa on its Joint Venture with Bio-Oils

Cepsa and Bio-Oils begin the construction on the largest 2G biofuels plant in southern Europe with investment of 1.2 billion euros. The legal team at Gómez-Acebo & Pombo played a pivotal role in advising Cepsa on its groundbreaking joint venture with Bio-Oils for the construction of the largest second-generation biorefinery in Southern Europe. This transformative project entails a substantial investment of €1.2 billion.

Representing a key milestone in Cepsa’s PositiveMotion strategy, the venture aims to position Cepsa as a European leader in the field of green molecules. This strategic move aligns with the company’s ambition to spearhead second-generation biorefuel production in Spain and Portugal. This facility will also enable the development of other key projects to reposition Spain and Andalusia in the international energy landscape.

The biorefinery project signifies a significant step forward in Cepsa’s commitment to sustainable practices and underscores its dedication to becoming a prominent player in the production of second-generation biofuels, contributing to a greener and more sustainable energy future.