Moeve, previously known as Cepsa, is a global company with annual revenues exceeding €25 billion, committed to promoting sustainable solutions in energy, chemicals, and mobility. This partnership underscores the significance of cross-sector collaboration in creating sustainable and commercially viable solutions to reduce emissions within the chemical industry, accelerating the shift toward a circular and low-carbon economy.

Moeve's membership in the GIC extends the coalition's influence further upstream in the value chain, incorporating vital expertise from the energy sector into sustainable chemical production. Moeve's 2030 Positive Motion strategy includes an €8 billion investment plan, with over 60% allocated to sustainable businesses such as green hydrogen, second-generation biofuels, and renewable chemicals. This collaboration highlights the growing need for integrated solutions across various industries, from energy to advanced materials, and will support the development of technologies to produce e-SAF.

José María Solana, Executive Vice President of Chemicals at Moeve, commented, "Sustainability requires deep collaboration across industries, and joining the Global Impact Coalition enables us to work alongside leading companies in the chemical value chain to accelerate sustainable transformation. We look forward to contributing our expertise in second-generation biofuels and low-carbon feedstocks to drive meaningful progress in the industry."

Charlie Tan, CEO, GIC, added, "Moeve brings a unique perspective to the Global Impact Coalition, broadening our value chain reach into upstream energy and new sustainable product solutions. Their expertise in green hydrogen, biofuels, and sustainable chemicals will strengthen our collective efforts to reduce emissions and enhance circularity."

Carlos Barrasa, Executive Vice President of Commercial & Clean Energies at Moeve, highlighted, “At Moeve, we consider joining this platform very positive, as it will allow us to delve into the study and promotion of synthetic fuels such as e-SAF, whose importance will increase in the coming years in line with the goals set by the EU and our strategy to help decarbonize our clients.”

Founded by leading chemical companies at the World Economic Forum, GIC accelerates the transition to a circular and net-zero future. By fostering collaborative projects and new business models, GIC provides a platform for transformative technologies. Moeve's addition bridges the gap between the energy and chemical industries, reinforcing GIC's role in driving systemic change for a sustainable future.