Wednesday, June 8, 2022
The energy transition is not just a concept, it is a reality, and it is already upon us. This is very exciting because, as never before in the history of humanity, we can all share a global purpose as consumers, companies, institutions or simply as individuals: the preservation of the most valuable thing we have, our Planet.
One of humanity’s greatest achievements has undoubtedly been the generation, storage and transport of different types of energy. For centuries this has fueled progress and improved our quality of life. Now, to address the climate challenge we need to embark upon a comprehensive, fair and inclusive ecological transition for our society as a whole, and this is precisely why Cepsa is carrying out a profound transformation. As part of this transformation, we aim to be a European leader in green molecules, an area ripe for growth. Cepsa is by origin a molecule company. From chemicals for plastics and detergents to fuels for planes, ships, cars and trucks, we serve customers with molecules. We understand molecules and we can produce and transport them safely. So an important part of our future is in green molecules, whether biofuels, hydrogen or green ammonia. It's true that this part of the energy system is more complex and challenging, but for a company with the technical expertise of Cepsa, it’s also an opportunity to differentiate itself and make a difference where it is most needed.
Thanks to our new strategy we’ll have a 55% emissions reduction in 2030 vs 2019 and a 15-20% carbon intensity index reduction based on products sold; and we will go beyond Net Zero before 2050 to Net Positive. We want to contribute positively to transforming our communities, going beyond what is expected of us. For this reason, we are developing our strategy based on ESG criteria and setting more ambitious goals than our peers, for example, in reducing water consumption with the reduction of freshwater withdrawal in Cepsa water stressed areas by 20% by 2025 vs 2019.
It will undoubtedly be a difficult and challenging path, requiring a combination of innovative technological developments, infrastructure, investments and knowledge about this new reality. That is the purpose of Planet Energy: a digital space in which, in an entertaining and informative way, we will share evolving trends in the transformation of the energy sector towards a more sustainable future for all. A future in which inspiring stories spur even more sustainable initiatives and a better world for everyone.
I welcome you all to Planet Energy!