Through its Positive Motion 2030 strategy, CEPSA is investing up to 8 billion euros to become leaders in sustainable mobility, green hydrogen and second-generation biofuels for Spain and Portugal.

One of the leading integrated energy companies in Spain with operations in over 20 countries across four continents, CEPSA is transforming its traditional energy business into a sustainable mobility and energy ecosystem. It aims to produce 2GW of green hydrogen and 2.5 million tonnes of biofuel by the end of the decade.

Mubadala is supporting CEPSA’s ‘Positive Motion’ strategy as it targets not just reaching net zero by 2050, but to go beyond, to be net positive, creating value and a brighter future for all.

During COP28, Cepsa and C2X announced a partnership to develop the largest green methanol plant in Europe. In the presence of Spanish President Pedro Sánchez, the two companies explained their plans to open a plant in Huelva with an investment of up to 1 billion euros.

One of the five largest green methanol plants in the world, it will have an annual production capacity of 300,000 tons, avoiding the emissions of up to 1 million tons of CO2.

Sánchez acknowledged that this investment is fully aligned with Spain's reindustrialization and energy transition strategy.

GlobalFoundries is one of the world’s leading semiconductor manufacturers and the only one with a global footprint.

Their 'Journey to Zero' commitment to sustainability and minimizing their impact on the environment led to annual savings of 35.2 million kWh of electricity and 816,000 m³ of water conservation in 2022.

They are on track to reduce their greenhouse gas emissions by 25 percent by 2030.

Created in 2006 by Mubadala, Masdar is one of the world’s largest renewable energy companies and a green hydrogen leader. Masdar is active in more than 40 countries and manages projects with a combined value of over USD 30 billion.

Today, the company is co-owned by Mubadala, ADNOC, and TAQA and aims to increase its capacity to 100GW by 2030.

Masdar started COP28 on a strong footing as its GBP11 billion partnership with RWE Clean Energy in the UK offshore wind market was announced by UK Prime Minister, Rishi Sunak, during his speech at the World Climate Action Summit.

Over two weeks at COP28, Masdar concluded 36 deals and announcements with major players across the US, Southeast Asia, the Middle East, Europe, and Africa.

Skyborn Renewables, the largest private offshore wind developer in the world, was acquired by Mubadala and Global Infrastructure Partners (GIP).

With its strong presence in Europe and Asia Pacific, Skyborn Renewables has successfully developed more than 7GW of energy capacity in offshore wind and it has a 30GW pipeline of highly diversified offshore wind projects, the fastest growing renewable energy sector.

Emirates Global Aluminium (EGA) produced 66 thousand tons of CelestiAL solar aluminium in 2023, with some volume sweetened with recycled content as CelestiAL-R.

During the year, EGA announced the start of construction of the UAE’s largest aluminium facility. When completed, EGA’s recycling plant in Al Taweelah will have an annual production capacity of 170 thousand tons per year.