Pedro Sanchez has announced in Dubai, where the This year’s Climate Summit (COP28)which will be installed in Spain the largest green methanol plant in Europe, that will build Cepsa and the Maersk company. And the place chosen for this will be the La Rábida Energy Park in Palos de la Frontera, Hueva.

“We will invest 1 billion euros in green methanol in Huelva, in Andalusia, in Spain, which will change the naval industry,” announced Maarten Wetselaar, CEO of CEPSA. An investment that will have repercussions throughout the area. “It will cause creation of 2,500 direct and indirect jobs“says Sánchez. Its objective is to produce sustainable fuel for aviation, maritime and land transport.

This announcement comes just after Repsol threatens to take its investments outside of Spain if the extraordinary tax on energy companies was maintained. However, Santander ruled out doing that.

Today, December 1st, Ángel Rivera, CEO of Santander Spain He assured that “I don’t foresee that happening,” assured. And she asked, “to look for formulas” among everyone before making drastic decisions.