Repsol assures that it will reach its goal of a recharging point every 50 kilometers by the end of the year

Repsol’s CEO, Josu Jon Imaz, has guaranteed that the company will reach its goal of having a public recharging point every 50 kilometers in Spain by the end of this year and has indicated that Repsol is going to invest “a significant amount” to achieve this goal in recharging points -ultra-fast, fast and semi-fast-, from the 500 it currently has.

In November last year, the multi-energy company announced an investment plan of 42.5 million euros for the installation of 610 electric charging points at its service stations in Spain and Portugal.

This project was part of the company’s goal of reaching 1,000 public charging points by the end of 2022, one every 50 kilometers in the main road corridors of the Iberian Peninsula, and of being carbon neutral by 2050.

On the other hand, Imaz has called for “humility, technological neutrality and a bit of common sense” to address the energy transition, which “is not being done well, since CO2 emissions in the world increase year after year, we have problems of security of supply and increasingly expensive energy”.

In this sense, he criticizes Europe’s attitude of “taking the broom and sweeping under the rug” the CO2 emissions that are not in the Old Continent. “We are exporting industry, jobs and emissions in Europe,” she warned.

In addition, in the current context of tension due to the invasion of Ukraine by Russia, he advocates “trying to reduce demand” for energy products.

Likewise, the director considers that sustainability is “a key vector when considering the energy future”, although he stressed that it must be completed by “supply security and prices”.

“We have realized that the world is going to need oil and gas in the coming years and since we have not invested in our countries we have reached an absolute dependence on Russia”, he said, also warning in this regard about “the monoculture bets” that can be made in the future “with China’s dependence on rare earths and scarce metals”.

A mistake to think that decarbonization is equal to electrification

Thus, it estimates that electrification “is a part of decarbonization”, but it is “a serious mistake to think that decarbonization is equal to electrification”, since there are sectors where it is not possible, such as aviation, heavy and maritime transport or the cement and steel sector.

Likewise, it has valued the contribution of renewable energies, although it also asks to bet on the decarbonization of “liquids” -ecofuels-. “This is very important, not just betting one way,” he said.

Thus, Imaz, which has highlighted Repsol’s leading commitment in its sector to decarbonization by investing 35% of its ‘capex’ in low-carbon businesses, affirms that the energy transition “should not be based on ideologies” and should be more or opt for the path of “seeking the reduction of CO2 molecules at the minimum cost to society”.

“You have to be humble and try to give certain certainties to companies for investment in certain technologies,” he added in this regard, calling for “efficient policies based on our industrial fabric, since Spanish industry must be promoted.”

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