New technological developments
Technology is one of the primary tools for stopping climate and we are certain that it is the driving force for boosting the energy transition, whose objective is to meet our energy needs without increasing CO2 emissions. In order to have neutral carbon intensity, it is not enough to just eliminate CO2 emissions, we also need technology capable of capturing and reusing it. This ensures we are more efficient and helps us find new ways of generating and consuming energy and creating products from waste.
We are currently exploring other technological alternatives that allow us to progress sustainably and in an orderly manner toward the energy transition: Carbon Capture, Use, and Storage (CCUS) technology, green hydrogen, and e-fuels. In the case that these methods were not sufficient, we would compensate for emissions through reforestation and other natural climate solutions for reaching net zero emissions by 2050.
We strongly believe that technology is the driving force in the energy transition, whose objective is to meet our energy demands without increasing the emissions that contribute to climate change. At the Repsol Technology Lab, we are working on research projects to capture CO2, store it, and use it as a raw material.
We offer our customers the opportunity to share their offset emissions associated with the use of our products through mechanisms based on Natural Climate Solutions or the Repsol Foundation’s support of Sylvestris, a company specialized in CO2 absorption projects through large-scale reforestation.