Repsol enters biomethane production with acquisition of Genia Bioenergy

April 11, 2024

Repsol is entering the biomethane market with an agreement to take a 40% shareholding in Genia Bioenergy. This alliance allows Repsol to add significant technical capabilities to position itself early in this growing sector.

Biomethane is considered strategic by the European Union – which has set itself an ambition to increase its production eightfold by 2030 compared to that recorded in 2022 – in its RePower EU program. The Spanish Gas Association (Sedigas) estimates that biomethane could account for almost half of Spain’s natural gas consumption.

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