MADRID (dpa-AFX) - Repsol announced an agreement to take a 40% shareholding
in Genia Bioenergy, a company specializing in biomethane. Genia Bioenergy is the
only Spanish company that integrates the entire biogas and biomethane value
chain. The agreement includes 19 of its biomethane plants, which are under
development. Also, there are 11 other projects in an early stage of development.
Repsol will purchase all the gas produced by these projects. Biomethane is a
renewable alternative to natural gas that originates from organic matter, such
as agricultural and livestock waste.

Repsol said the alliance with Genia Bioenergy is part of its 2024-2027 strategy,
which includes the transformation of industrial complexes into multi-energy hubs
capable of manufacturing products with a low carbon footprint.



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