Euskadi will boost a renewable fuel hub with 250 million euros and 1,200 jobs in three years
It is one of the transformative projects of the Industrial Plan and will be led by Petronor, which will bring together a total of 51 companies, 23 of them small and medium-sized enterprises.
Euskadi will promote a renewable fuel hub led by Petronor. The project will mobilize an initial investment of 250 million euros over the next three years and will allow the creation of 1,200 jobs, both direct and indirect, presented this Thursday at the Energy Intelligence Center in Abanto (Bizkaia) and supported by the Basque Government, the Provincial Council of Bizkaia and the Basque Energy Cluster.
The initiative will be one of the transformative projects of the Basque Industrial Plan 2030, which will involve 51 companies, 23 of them small and medium-sized enterprises, and four technology centres of the Basque Network for Science, Technology and Innovation.
The new hub aims to place the Basque Country at the forefront of Europe in the industrial and technological development of renewable fuels, taking advantage of existing scientific and industrial capabilities and promoting technologies linked to synthetic fuels, advanced biofuels, CO2 and renewable hydrogen.
Of the EUR 250 million planned, EUR 85 million will be earmarked for R & D activities and technological development. In terms of employment, provision is made for the creation of 300 highly qualified direct jobs, as well as 900 indirect jobs linked to industrial and technological activities.
In addition to the new projects, the hub will include initiatives already under way, including the synthetic fuel plant that Petronor is building at the Port of Bilbao, which is scheduled to be launched in 2027 and will be the first in Europe.
The Basque Government's Industry Advisor, Mikel Jauregi, has stated that the project is "the best example of the union between science, technology and industry" and has ensured that it will be a reference in Europe, and has recalled that it is linked to another strategic project of the Basque industrial plan, the development of new aeronautical engines led by ITP Aero.
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