Repsol Lubricants, committed to decarbonization
On the way to decarbonization
Decarbonizing the energy sector has become a need for both Repsol and the wider world we live in. That's why we’ve committed to becoming a net zero emissions company by 2050. It’s a promise that applies to all Repsol businesses and it’s already yielding results.
Lubricants and sustainability
Our lubricating oils business works every day to fulfill Repsol’s global commitment to becoming a more sustainable company. That's why we are already taking action to get us closer to meeting that objective:
On the way to decarbonization
Decarbonizing the fuels made up until now has become a need for both Repsol and the wider world we live in. That's why, in response to the need to progress toward a business model compatible with the Paris Agreement to reach net zero emissions by 2050, we developed a Carbon Intensity Indicator (CII), which quantifies the CO2 emissions for each unit of energy we put out to serve society.
This indicator allows us to also set reduction targets, aid strategy and investment decision-making, and monitor our progress.
Slow and steady
“Updating our objectives shows the solid advances the company is making to becoming carbon neutral by 2050. Ambition, technology, and project execution are allowing us to increase how quickly we will achieve this goal.”
Josu Jon Imaz – Repsol CEO
Taking actions with a real impact
In addition to hitting net zero emissions by 2050, Repsol has set increasingly ambitious objectives as set out in its roadmap to accelerate the energy transition. They include:
Industrial transformation to advance toward decarbonization
Thanks to the transformation process that began in our refining areas, we will be converting our refineries into multienergy hubs able to treat alternative raw materials to produce fuels and low carbon footprint materials in the short term. The renewable hydrogen and CO2 captured at the refineries themselves will serve to produce synthetic fuels. Both low-carbon-footprint products will be essential to the transportation of the future.
Technology will make it possible, for instance, to use urban, farming, forest, or agro-food industry waste to produce advanced biofuels and continue building the world in which we’d like to live.