June 15, 2020 / 9:33 AM / a month ago

Repsol to invest $90 mln in two low-emissions projects in Spain

MADRID, June 15 (Reuters) - Oil and gas company Repsol plans to invest 80 million euros ($90 million) to build two new plants in Spain as part of efforts reduce its carbon emissions.

Repsol will build what it said would be one of the world’s biggest net-zero emissions fuel facilities, based on green hydrogen generated with renewable energy and carbon dioxide produced by the Petronor refinery in northern Spain, in which Repsol owns a majority stake.

The second plant will generate gas from urban waste, replacing some of the traditional fuels used by the Petronor refinery, Chief Executive Josu Jon Imaz told a news conference on Monday. ($1 = 0.8885 euros) (Reporting by Isla Binnie and Inti Landauro Editing by David Goodman )

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