BP and Spanish gas grid operator, Enegás, have signed an agreement for joint exploration into the commercialization of lower-carbon transport fuels in Spain, according to a press release.
The agreement has three main focuses: infrastructure and supply of liquefied natural gas (LNG) and compressed natural gas (CNG) for transport, production and promotion of renewable gas in the Spanish market, and support of innovation projects. Enagás will be in charge of developing LNG and CNG supply infrastructure at BP-operated service stations.
The two parties have also agreed to jointly promote the use of renewable gas obtained by the anaerobic decomposition of wastewater and biowaste. BP will obtain the biomethane produced from Enagás start-up, BioEnGas, and from there the businesses will launch a national market for the sale and purchase of the product. This particular byproduct can be transported through the existing gas infrastructure.
This is another step in the progress towards BP’s goal of becoming a net-zero company by 2050.