Redexis, an integrated energy infrastructure company, and Cepsa, a global energy company, have reached an agreement to create the largest network of natural gas refueling stations in Spain in a bid to expand the supply of energy solutions and foster sustainable mobility.
Both companies are firmly committed to giving Spain a nationwide network of natural gas refueling infrastructure for both light and heavy vehicles; a network that is easy to access and with refueling times similar to those of traditional hydrocarbon pumps.
Redexis will invest 30 million euros between 2019 and 2021 in the construction and maintenance of 50 gas refueling points located at Cepsa Service Stations in Spain, including both LNG and CNG, while Cepsa will handle the supply and sale of the gas. The alliance is aiming to reach a total of 80 service stations by the end of 2023 with a total investment of 60 million euros
This network of vehicular natural gas stations will have state-of-the-art equipment. It will be deployed not only in urban areas, but also across the country’s main transport corridors, so that both heavy and light vehicles can travel safe in the knowledge that they have a network of natural gas refueling points close at hand.
During the agreement signing ceremony, Fernando Bergasa, chairman at Redexis, said: “We are very pleased to have reached this agreement with Cepsa, because it will enable to take a huge step forward in both qualitative and quantitative terms in the provision of natural gas refueling infrastructure in Spain. At Redexis, we are committed to making investments that help the country to undertake new challenges in terms of sustainability and respect for the environment. At the same time, we express our interest in the development of sustainable mobility through alternative fuels, which contribute to efficiency, sustainability and economic progress.”
Meanwhile, Pedro Miró, Cepsa’s vice-chairman and CEO, highlighted: “Through this relevant agreement with Redexis, we will continue to expand our portfolio of energy solutions, with the aim of providing customers with all the energy they need. We are confident that through this alliance we will be making significant improvements to gas mobility within Spain, for the transport of both people and goods.”
Each year, the Spanish automobile sector has been raising its growth forecasts for gas vehicles, with new models and conversions on the market. At year-end 2018, natural gas vehicle registrations stood at 5,745, up 145% on the previous year, while estimates from the main manufacturers suggest that light gas vehicles will total some 80,000 in 2021.
Source: Cepsa/Redexis
