Spain E-Fuel Market Research Report, 2029

The e-fuel business in Spain has emerged as a critical component of the country's ambition to become carbon neutral by 2050.Spain's interest in e-fuels increased in the early 2010s, as the government tried to diversify its energy sources and minimise reliance on fossil fuels. The European Commission's Renewable Energy Directive (RED) set targets for renewable energy use, encouraging Spain to invest in green technology such as e-fuels. By 2019, Spain had pledged to raising its renewable energy share to 74% of total power generation by 2030, accelerating research and development in e-fuels. One of the most significant breakthroughs occurred in 2020, when Repsol, one of Spain's leading energy corporations, revealed intentions to generate e-fuels at its Petróleo industrial complex, which includes a facility that converts renewable electricity into hydrogen. Another major milestone was the release of the Hydrogen Roadmap in 2020, which detailed Spain's hydrogen production strategy, including its use in e-fuels. In 2021, Spain made a milestone with the formation of the Spanish Hydrogen Association (AeH2), which aims to promote the use of hydrogen and its derivatives in a variety of industries. The EU Green Deal and the Fit for 55 package establish rigorous emission reduction objectives that member states, including Spain, must meet. These frameworks promote investment in renewable energy technologies, such as e-fuels, and require the development of infrastructure to enable their production and distribution. The pandemic has expedited the transition to digitalisation, driving numerous companies to investigate novel technologies for e-fuel production and distribution. According to the research report, "Spain E-Fuel Market Outlook, 2029," published by Actual Market Research, the Spain E-Fuel market is anticipated to add to more than USD 640 Million by 2024–29. In Spain's e-fuel sector, numerous significant businesses are driving innovation and development. As previously stated, Repsol is a market leader in e-fuel manufacturing, with aggressive facility expansion plans. Another key player is Iberdrola, one of Spain's largest utility firms, which is investing heavily in green hydrogen and e-fuels as part of its sustainability strategy. Acciona is also significant, as it focusses on sustainable energy and infrastructure development. The country buys technology and experience from countries with mature e-fuel markets, such as Germany and The Netherlands. Collaboration between these countries is critical for knowledge transfer and technology sharing. Exports of e-fuels and related technology are also increasing, as Spain strives to establish itself as a leader. The partnership between Repsol and Siemens Energy is a prominent example, with the goal of integrating hydrogen production into Repsol's facilities. Such cooperation promote technological innovation and increase industrial efficiency. Furthermore, municipal governments have played an important role in promoting public-private partnerships. The Spanish government's investment in renewable energy schemes has fostered collaboration between corporations, academic institutions, and research organisations. The Spanish Hydrogen Association has held seminars and workshops to educate stakeholders about the benefits of e-fuels and encourage more participation in the field. Furthermore, Spain's dedication to sustainability has been reflected in international events where Spanish companies have demonstrated their inventions in e-fuels.

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The e-fuel market in Spain is quickly expanding, with applications spanning transportation, industry, and power generation, fuelled by the country's goal to decreasing carbon emissions and improving energy sustainability. Transportation is one of the most common applications for e-fuels, especially in aviation and heavy-duty vehicles. E-kerosene, derived from renewable sources, is being developed to minimise carbon emissions in the aviation sector, with businesses like as Repsol spearheading efforts to integrate e-fuels into existing infrastructures. Furthermore, e-diesel is gaining traction for heavy vehicles because it is compatible with existing diesel engines, providing fleet operators with a simple option to meet emissions rules without making significant changes to their equipment. In the industrial sector, e-fuels play an important role in decarbonising processes that are difficult to electricize. E-methanol, for example, is developing as a versatile option that can be used as both a feedstock for chemical manufacturing and a fuel for transportation. In terms of power generation, e-fuels can be combined with natural gas to lower emissions from existing power plants. The incorporation of e-fuels into the energy mix helps Spain achieve its aim of shifting to renewable energy sources while maintaining grid stability. Domestic suppliers and distributors in Spain play an important role in promoting the use of e-fuel. Repsol, Iberdrola, and Acciona are leading the way, actively developing manufacturing capabilities and partnering with government institutions to build a strong e-fuel infrastructure. Currently, e-diesel is widely employed in the market due to its rapid application in decreasing emissions from heavy-duty transportation, which is critical for meeting both national and EU climate targets. Its interoperability with existing diesel engines reinforces its status as a feasible short-term alternative. Various forms of synthetic fuels are being created in Spain's emerging e-fuel business to address the growing demand for environmentally friendly energy alternatives. E-kerosene, derived from renewable sources, is largely aimed at the aviation industry. As airlines face pressure to decrease their carbon footprint, e-kerosene presents a promising alternative that can be blended with traditional jet fuel, allowing for a smoother transition while leveraging existing infrastructure. Repsol is one of the primary firms actively researching and expanding e-kerosene manufacturing, establishing itself as a leader in the sustainable aviation fuel market. In the current scenario, e-diesel leads the Spanish e-fuel market due to its direct applicability in decreasing emissions from heavy-duty vehicles, making it critical for both environmental and economic feasibility. E-diesel, another important type of e-fuel, is produced using technologies such as Fischer-Tropsch synthesis and is especially desirable for heavy-duty transportation. It may be utilised directly in diesel engines, making it an appealing choice for logistics and freight organisations looking to reduce emissions without requiring extensive vehicle modifications. E-gasoline provides a sustainable alternative to gasoline-powered automobiles. Though still under research, e-gasoline has the potential to minimise greenhouse gas emissions while operating conventional petrol engines. E-methanol, another important component of the e-fuel landscape, may be created using carbon dioxide and renewable hydrogen. Because of its versatility, it may be utilised as both a ship fuel and a chemical feedstock. Acciona, for example, is promoting e-methanol production. In Spain's e-fuel market, hydrogen technology, Fischer-Tropsch synthesis, and the Reverse Water-Gas Shift (RWGS) method are the most important technologies for manufacturing sustainable synthetic fuels. Hydrogen technology is critical to e-fuel generation because it offers the renewable hydrogen required to convert CO2 into synthetic fuels. Spain places a great emphasis on green hydrogen, which is created through electrolysis utilising renewable energy sources such as wind and solar electricity. Fischer-Tropsch synthesis is another important technology that transforms hydrogen and carbon monoxide into liquid hydrocarbons, which can then be processed into e-fuels such as e-diesel and e-kerosene. This technique allows for the creation of high-quality synthetic fuels from renewable sources, making it attractive to Spain's transport and industrial sectors. The Reverse Water-Gas Shift (RWGS) reaction converts carbon dioxide and hydrogen into carbon monoxide and water, which is essential for the production of e-methanol and other hydrocarbons. This technology is required for the generation of e-methanol, a versatile e-fuel suitable for both transportation and industrial use. The Reverse Water-Gas Shift (RWGS) reaction converts carbon dioxide and hydrogen into carbon monoxide and water, which is essential for the production of e-methanol and other hydrocarbons. This technology is required for the generation of e-methanol, a versatile e-fuel suitable for both transportation and industrial use.

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Kripa Shah

Senior Analyst

Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • E-fuels market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By End-use • Aviation • Marine • Industrial • Railway • Automotive • Others

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By Application • Transportation • Industrial • Power Generation • Others By Type of E-fuel • E-kerosene (Synthetic Aviation Fuel) • E-diesel • E-gasoline • E-methanol • Other Hydrocarbons By Technology • Hydrogen technology (Electrolysis) • Fischer-Tropsch • Reverse-Water-Gas-Shift (RWGS) The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the E-fuels industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry. ?