HomeBUSINESSRepsol and Autodromo do Algarve sign a strategic partnership

Repsol and Autodromo do Algarve sign a strategic partnership

Repsol and the Autódromo do Algarve signed an agreement that provides for the presence of more efficient fuels in competitions.

Repsol signed a collaboration agreement with the Autódromo Internacional do Algarve (AIA), the circuit chosen to host the opening of the MotoGP World Championship in 2023.

This strategic partnership, which will be in force until 2027, intends to deepen the partnership relations between multienergetica and AIA, in order to maximize advantages and benefits for both institutions. Repsol’s institutional presence will thus be strengthened during the motor racing events taking place at the AIA, during the agreed period.

The two entities therefore intend to work together to lead the energy transition from a sustainable perspective, ensuring the presence of more efficient and state-of-the-art fuels in high-level races, and guaranteeing maximum performance and energy efficiency, while minimizing emissions. of CO2.

In line with this work and in line with the commitment to be a company with zero net emissions by the year 2050, Repsol is developing different solutions with a low carbon footprint in all areas of mobility, including high competition.

The first round of the 2023 MotoGP season took place this weekend, and was attended by several top riders, as well as thousands of fans from around the world. The Portuguese Miguel Oliveira was one of the participants, but an accident right at the beginning of the race did not allow him to fight for the victory.

This partnership reaffirms Repsol’s commitment to the world of sport. The presence of multienergética in competition dates back to 1969 and goes beyond the very concept of sports sponsorship.

Renewable fuels in high competition

Repsol has been working on the development of renewable fuels with the intention of making them a real alternative to complement other forms of decarbonising mobility, such as electrification or renewable hydrogen, in order to reduce transport emissions in the coming years.

As far as renewable fuels for competition are concerned, in addition to Moto GP, the multi-energy company has also been developing them extensively in other competitions, such as the Dakar Rally, where the Repsol Rally team already uses renewable fuel, and Formula 4, a tender in which Repsol is supplying a 100% renewable fuel this year.

For the next season, 2024, renewable fuels will be a reality in MotoGP. A new type of fuel from renewable sources, such as organic waste, is presented as one of the main solutions to effectively reduce emissions in the immediate future.

Thanks to the commitment made by Dorna and the FIM, MotoGP fuels will have to be at least 40% non-fossil fuels by 2024 and 100% by 2027.

During the first half of 2023, Repsol will start Spain’s first advanced biofuel plant in Cartagena, which will produce 250,000 tons of renewable fuels from waste.

The multi-energy company is also making progress on its synthetic fuel plant in Bilbao, which will start production in the demonstration phase in 2024.

These installations play a fundamental role in Repsol’s objective of reaching a production capacity of 1.3 million tons of renewable fuels by 2025 and more than 2 million tons by 2030, thus leading this market in the Iberian Peninsula and moving decisively towards zero net emissions by 2050.

See too

  • Quinta da Côrte celebrates 10 years with new crops and organic olive oil

  • Wells inaugurates its largest store in NorteShopping

Must Read