June 18, 2019. Cepsa and Redexis have reached an agreement for the creation of the largest network of refueling stations for natural gas vehicles (NGV) in Spain, with the goal of reaching 80 facilities before the end of 2023, with a total investment of 60 million euros.
Thus, both groups commit to provide Spain with a network of national coverage of infrastructures for refilling natural gas for light and heavy vehicles, easily accessible and with loading times similar to the refueling of traditional hydrocarbons.
Redexis will invest 30 million euros in the period 2019-2021 for the construction and maintenance of 50 pumps located at Cepsa service stations in Spain, with deposits of LNG (liquefied natural gas, used by long distance heavy transport) and CNG (compressed natural gas, used by all types of vehicles in regional and interregional scope), whose supply and marketing will be handled by the oil company.
Also, the alliance aims to reach that figure of 80 filling stations before the end of 2023, with that total investment of 60 million euros.
Cepsa and Redexis highlighted that this network of natural gas stations for vehicles, which will have state-of-the-art equipment, will be developed in urban areas and will also cover the main transportation corridors, “so that both heavy and light transport will be able to undertake trips with the security of having a network that guarantees its natural gas refueling”.