October 01, 2024 06:36 GMT
ENERGY SECTOR: Repsol Negotiating Ecoplant Stake Sale; Not A Spread Mover
ENERGY SECTOR
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Repsol had hired advisors to find a partner for the project back in 2023. Not likely a spread mover.
- Expansion reports that IFM, holding 15% of Naturgy, is negotiating a 25%-35% stake in Repsol's Ecoplanta methanol project, valued at EUR 800mn.
- Ecoplanta is Repsol’s largest industrial project though its operation has been delayed from 2026 to 2028 due to regulatory and fiscal uncertainty in Spain; Repsol has halted investments in Spain amid concerns over an energy tax (due to expire at the end of the year unless extended).
- Article also notes that Aramco’s discussion to enter Repsol Renovables are progressing albeit slowly.
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