Exolum signs a new renewable power purchase agreement that will prevent the emission of over 2,000 tonnes of CO2

  • The term of the agreement is 5 years and it represents 6% of the company’s annual power consumption
  • The agreement provides a renewable source guarantee, thus making it possible to progress with the decarbonisation strategy defined by Exolum

Exolum has signed a renewable power purchase agreement through which it will prevent the emission of 2,079 tonnes of CO2 into the atmosphere. This agreement represents an important step towards the development of the company’s sustainability strategy aimed at reducing CO2 emissions by 50% by 2025 and becoming a zero-emissions company by 2050, in line with the Paris Agreement of December 2015 (COP 21) and the sustainable development goals (SDGs).

The term of the agreement is 5 years, with a start date of 1 January 2023. It envisages the purchase of power equivalent to 6% of the company’s annual electricity consumption, which is the main source of the company’s emissions.

The agreement encompasses renewable source guarantees and represents not only an advancement towards the company’s decarbonisation strategy, but also a reduction of uncertainty regarding energy expenditure in times of tension in the market.

Exolum continues to work on the reduction of its energy consumption by building photovoltaic plants for energy self-consumption, replacing its equipment with more efficient devices and incorporating new technological developments and monitoring systems, in order to implement actions that reduce emissions and enable an increase in the sustainability and efficiency of its operations, as well as measuring the efficiency of the projects launched.

The company also operates in new sectors relating to energy vectors such as green hydrogen, sustainable synthetic fuels, the circular economy or the development of new energy vectors.

In this regard, the company is currently working on a wide portfolio of projects in different stages of development relating to these vectors, such as the WIN4H2 alliance with the company Naturgy to promote green hydrogen in mobility, or Regenera and GreenH2Pipes as part of a consortium with other companies and research centres where Exolum participates by researching technologies for the storage and distribution of hydrogen from renewable sources with organic carriers or LOHC (Liquid organic hydrogen carriers).

As for biofuels, in addition to managing infrastructures that are fully adapted to the storage and distribution of such sustainable fuels, Exolum has developed the Avikor platform, an initiative that contributes to the reduction of CO2 emissions into the atmosphere in the aviation sector. Thanks to this service, both private individuals and companies can fly while reducing their flight emissions by using sustainable aviation fuel (SAF).

 Exolum is Europe’s leading logistics company for liquid products and one of the largest in the world. Its core business is the transport and storage of a wide range of bulk liquid products, particularly refined and chemical products and biofuels, in a sustainable and efficient manner. The company is part of the European Commission’s Renewable and Low-Carbon Fuels Value Chain Industrial Alliance.

Exolum employs over 2,100 professionals and operates in nine countries (Spain, the United Kingdom, Ireland, Germany, the Netherlands, Panama, Ecuador, Peru and Oman) with a pipeline network of over 6,000 kilometres, 68 storage terminals and 46 airport facilities, and a total storage capacity of more than 11 million cubic metres.