Mubadala-backed Cepsa signs biofuels agreement

Spanish oil and gas company Cepsa, owned by Abu Dhabi fund Mubadala and the Carlyle Group, has reached an agreement with PreZero Spain, part of the environmental division of German supermarket group Lidl’s owner Schwarz Group, to develop biomethane plants using organic waste. Cepsa is investing up to EUR8bn($8.6bn) through 2030 to shift its business