• The two companies are signing an agreement for the development of a logistics chain for capture, transport, liquefaction, storage and loading onto ships for subsequent use or permanent storage with a potential to reduce emissions by 340,000 tonnes of CO₂ per year

Enagás and Terresis Centro de Magnesitas Navarras have signed a partnership agreement to jointly develop projects aimed at sustainable CO₂ management in the companies’ respective areas of activity and has the potential to cut CO₂ emissions by around 340,000 tonnes per year. 

Terresis Centro de Magnesitas Navarras is a mining company engaged in the extraction, manufacture and marketing of magnesite and its derivatives for the iron and steel, agricultural and environmental industries. Calcinor will develop CO₂ capture technologies at its plant in Zubiri, in Navarre, and Enagás will work on solutions to transport, liquefy, store and load it onto vessels at its regasification terminals, for subsequent use or permanent storage.

During the signing ceremony, Enagás CEO Arturo Gonzalo stressed that "this agreement is a demonstration of Enagás' commitment to reducing the carbon footprint of industries that are difficult to reduce, in which we are making progress with the leading industrial mining firm Terresis Centro de Magnesitas Navarras", and added that "the synergies between the activities of the two companies will contribute to leading innovation and industrial competitiveness in the sustainable management of CO₂ with the development of a complete logistics chain". 

In the words of the Managing Director of Terresis Centro de Magnesitas Navarras, Jorge Baños, "the decarbonisation of industry is one of the greatest challenges we have experienced in the last 150 years. In order to move forward successfully, it is essential to establish strategic alliances such as the one we are signing today with Enagás, a leading partner with whom we share the vision of speedihg up the transition towards a sustainable industrial model. Partnering with Enagás on this type of project is key to moving towards a decarbonised and competitive industry".

Under the terms of the agreement, the two companies will also carry out technical, organisational, financial, contractual and legal feasibility studies on the CO₂ value chain, as well as designing the relevant infrastructure. In addition, the two companies will explore the possibility of joint participation in funding application processes.

Emission reductions

Cutting CO₂ emissions and how it's transported is a growing concern in Spain. Enagás' non-binding Call For Interest process, announced on the Second Hydrogen Day in January 2024, identified a total of 37 companies interested in CO₂ capture —to reduce a total of 10.4 million tonnes per year (Mt/a)— and 53 companies interested in infrastructure for its transport and storage.