Global energy company Moeve – formerly known as Cepsa – has reached a strategic agreement with Spanish shipping company Armas Trasmediterránea to supply second-generation (2G) marine biofuels in the Canary Islands.
With approximately 40,000 tonnes set to be delivered until December 2025 under a long-term contract, with the potential for extension into 2026, the agreement was Moeve’s largest biofuel supply to date and its first in the region, the company said on 29 May.
“The agreement with Grupo Armas Trasmediterránea opens a major door for us, positioning us as a key player in the decarbonisation of the maritime sector in the Canary Islands. We are determined to continue expanding across Spanish territory,” Moeve director of marine fuel solutions Samir Fernández said.
Moeve produces 2G biofuels at its San Roque Energy Park, Cádiz, and La Rábida Energy Park, Huelva, and also has supply agreements at Spain’s main ports, including Algeciras, Barcelona, Ceuta and Huelva.
The company, which has operations in over 60 Spanish ports, has set itself a target of become the leading producer of biofuels in Spain and Portugal by 2030, with a production capacity of 2.5M tonnes/year.
