Repsol enters biomethane production with acquisition of Genia Bioenergy

The operation includes 19 biomethane plants under development, with a total capacity of 1.5TWh per year.

Repsol is entering the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy. This alliance allows Repsol to add significant technical capabilities to position itself early in this growing sector.

Biomethane is considered strategic by the European Union – which has set itself an ambition to increase its production eightfold by 2030 compared to that recorded in 2022 – in its RePower EU program. The Spanish Gas Association (Sedigas) estimates that biomethane could account for almost half of Spain's natural gas consumption.

The agreement between Repsol and Genia Bioenergy includes 19 of its biomethane plants, which are under development. In addition, there are 11 other projects in an early stage of development. Repsol will purchase all the gas produced by these projects, which will also form a unique platform for creating agro-industrial ecosystems capable of boosting local economies and offering solutions for the valorization of their waste.

“The development of biomethane plants advances Spain's goal of decarbonization of the economy, reduces its energy dependence on foreign countries and provides a sustainable response to European guidelines on waste management,” said Gabriel Butler, CEO of Genia Bioenergy.

Genia Bioenergy is the only Spanish company that integrates the entire biogas and biomethane value chain. Biomethane is a renewable alternative to natural gas that originates from organic matter, such as agricultural and livestock waste. In addition to its use as a substitute for conventional gas, it has other industrial applications, such as the production of renewable fuels and green hydrogen or the manufacture of chemical products.