Cepsa

What Cepsa does

Moeve (formerly Cepsa) is a privately-held Spanish integrated energy company founded in 1929 and headquartered in Madrid, operating across the entire oil and gas value chain through more than 10,000 employees. The company's core business spans Exploration & Production, Energy Parks (refining), Trading, Marine Fuels and Lubricants, Aviation fuels, Asphalts, Chemicals (notably Linear Alkyl Benzene and specialty waxes), and retail service stations in Spain and Portugal, with regional entities in Morocco and Mexico. It is controlled by institutional shareholders including Mubadala Investment Company and The Carlyle Group.

Moeve is executing a strategic transformation under its Positive Motion 2030 Strategy, committing up to €8 billion this decade to four energy-transition pillars: green hydrogen (anchored by the 2000MW Andalusian Green Hydrogen Valley, the largest project of its kind unveiled in Europe), second-generation biofuels (Southern Europe's largest 2G biofuel complex in partnership with Bio-Oils Huelva S.L.U.), electric mobility (one of the largest ultra-fast charging networks in Spain and Portugal), and sustainable chemicals (anchored by NextLab-R Low Carbon, the world's first LAB achieving up to -102% carbon footprint reduction, launched October 2024). In December 2025 the company rebranded from Cepsa to Moeve and was selected (via a Taqa alliance) for Morocco's National Green Hydrogen Strategy.

The revenue model is predominantly B2B and contract-based. Marine lubricants — over 85% of which are sold through long-term supply agreements with shipping fleet operators including China Ocean Shipping Company and Mitsui O.S.K. Lines — combine recurring contracted volumes with selective spot exposure, while chemicals (LAB, surfactants, specialty waxes) and the new green product lines are sold via direct enterprise sales with contract pricing. Downstream consumer revenue is generated through a network of retail service stations in Spain and Portugal and the dedicated sub-brand websites for Marine Fuels, Lubricants, Aviation, Asphalts, and Chemicals.

Name

Cepsa

Legal name

Moeve

Website

https://cepsa.com

Company type

Private

Founded year

1929

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Moeve (formerly Cepsa) is a privately-held Spanish integrated energy company headquartered in Madrid, operating across upstream oil and gas, refining, chemicals, marine fuels, lubricants, aviation, and retail, while transforming via a €8 billion investment in green hydrogen, second-generation biofuels, electric mobility, and sustainable chemicals.

Ownership category

akta.pro rank

Product category

Integrated Energy Services

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (325110), Petroleum Lubricating Oil and Grease Manufacturing (324191), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)

SIC

Petroleum Refining (2911), Industrial Organic Chemicals (2860), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Oilfield & Refining Specialty Chemicals (IMAEABAI)

akta.pro secondary industries

Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization) (EUAAAHAG), Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK), Alternative Low-Carbon Marine Fuels Bunkering (Methanol, Biofuels, Ammonia, Hydrogen) (TLAHAKAC), Bio-based Solvents & Process Chemicals (e.g., bio-acetone, bio-butanol, bio-IPA, green solvents) (EUAAAIAB)

Keywords

• Integrated energy operations
• Green hydrogen production
• Second-generation biofuels
• Marine lubricants supply
• Sustainable chemical manufacturing

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Marine Lubricants: Marine lubricants sold primarily through long-term supply contracts with shipping companies, representing a key business segment
2. Linear Alkyl Benzene (LAB) - Sustainable Surfactants: Production and sale of LAB and surfactants for detergents and cleaning agents, including the innovative NextLab-R Low Carbon product
3. Paraffin and Specialty Waxes: High-purity wax production and distribution for candle manufacturing, cosmetics, and industrial applications
4. Green Hydrogen and Derivatives: Production of green hydrogen and derivatives as part of the energy transition strategy, including the Andalusian Green Hydrogen Valley project
5. Second Generation Biofuels: Production of advanced drop-in second generation biofuels for sustainable mobility
6. Exploration and Production: Upstream oil and gas exploration and production operations
7. Trading: Energy trading operations across multiple markets

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Moeve (formerly Cepsa) is an integrated Spanish energy company that produces and sells refined petroleum products, marine fuels and lubricants, sustainable chemicals (LAB and surfactants), aviation fuels, asphalts and upstream oil and gas, while transitioning toward green hydrogen, second-generation biofuels, electric mobility and sustainable chemicals. The company invests up to €8 billion through 2030 to develop clean-energy products such as the 2000MW Andalusian Green Hydrogen Valley (Europe's largest green hydrogen project), southern Europe's largest 2G biofuel complex with Bio-Oils Huelva, and the world's first carbon-negative Linear Alkyl Benzene (NextLab-R Low Carbon). Distribution combines long-term enterprise supply contracts (over 85% of marine lubricants), a retail service-station network in Spain and Portugal, and dedicated product websites.

Product overview

Moeve (formerly Cepsa) is a Spanish energy company operating across multiple business segments including Sustainable Mobility, Commercial & Clean Energies, Energy Parks, Chemicals, Exploration & Production, and Trading. The company is executing a transformation strategy (Positive Motion 2030) with an €8 billion investment commitment. Core products include green hydrogen (Andalusian Green Hydrogen Valley at 2000MW, Europe's largest project), second-generation biofuels (partnered with Bio-Oils Huelva for southern Europe's largest 2G biofuel complex), electric mobility (ultra-fast charging network), and sustainable chemicals (global leader in LAB products including NextLab-R Low Carbon, the world's first LAB with -102% carbon footprint reduction). Additional offerings include marine fuels, lubricants, aviation fuels, and asphalts. The company operates through specialized sub-brands across different product lines.

Differentiator

Problem solved

Functional benefit

Brands

• Planet Energy: Green energy initiative covering renewable energy, sustainable mobility, and environmental solutions.
• Positive Motion 2030

Products and services

• Green Hydrogen Green hydrogen produced at industrial scale for hard-to-abate sectors such as refining, ammonia, steel and mobility; supplied under offtake agreements to industrial energy consumers and public-sector decarbonization programs.
• Second-Generation (2G) Biofuels Advanced drop-in second-generation biofuels (HVO/renewable diesel range) for sustainable mobility, produced at the largest 2G biofuel complex in southern Europe with Bio-Oils Huelva.
• NextLab-R Low Carbon (sustainable LAB) Carbon-negative Linear Alkyl Benzene used as the primary feedstock for household and industrial surfactants (detergents, cleaners); targeted at detergent and cleaning-product manufacturers seeking verifiable Scope 3 carbon reductions.
• Sustainable Chemicals (LAB and surfactants) Global supply of Linear Alkyl Benzene (LAB) and related surfactants/cleaning-agent ingredients to detergent, cleaning and personal-care manufacturers; includes the carbon-negative NextLab-R Low Carbon variant.
• Marine Lubricants Cylinder and system lubricants for ocean-going vessels, sold primarily through multi-year supply contracts to major shipping fleets (including China Ocean Shipping Company and Mitsui O.S.K. Lines) to support IMO emission compliance.
• Marine Fuels Bunker fuels and marine fuel solutions for shipping operators, including IMO-compliant low-sulfur grades, supplied alongside marine lubricants.
• Industrial and Transportation Lubricants Lubricants portfolio for industrial, automotive and transportation applications, distributed through a dedicated lubricants website; complements the marine lubricants business.
• Aviation Fuels Jet and aviation fuels supplied to airlines and aviation industry customers through a dedicated aviation portal.
• Asphalts Asphalt binders and related products for road construction and infrastructure customers, sold through the Asphalts dedicated portal.
• Electric Mobility / Ultra-Fast EV Charging Ultra-fast EV charging infrastructure and electric-mobility services for consumers and fleet operators, deployed across Spain and Portugal alongside the retail service-station network.
• Refined Fuels via Energy Parks Refined petroleum products (gasoline, diesel, kerosene and other refined products) produced at Moeve's integrated Energy Parks and distributed to wholesale customers and the retail network.
• Exploration & Production (Upstream Oil and Gas) Upstream oil and gas exploration and production operations, including historic upstream assets such as Coastal Energy (acquired for approximately C$2.3 billion in 2014), feeding the integrated value chain.
• Energy Trading Energy commodity trading across multiple markets, supporting optimized sourcing and distribution for the integrated energy business.
• Retail Service Station Fuels (Iberia) Automotive fuels, convenience retail and mobility products sold through the Moeve retail service-station network across Spain and Portugal under the Moeve brand (formerly Cepsa).

Quantifiable outcome

• Carbon footprint reduction of up to -102% with NextLab-R Low Carbon LAB product
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• Taqa (Abu Dhabi National Oil Company)coreStrategic or Co-development Partner · 3 December 2025Morocco selected a Taqa/Cepsa alliance to develop green hydrogen-based industrial plants as part of Morocco's National Green Hydrogen Strategy. This is one of five consortiums selected to implement major green hydrogen projects representing significant investment.
• ACWA PowercoreStrategic or Co-development Partner · 3 December 2025ACWA Power's project will be its third green hydrogen initiative in the MENA region, following the $8.4bn Neom project in Saudi Arabia and a potential project in Tunisia.
• Moroccan Government (National Green Hydrogen Strategy)flagshipStrategic or Co-development Partner · 6 March 2025The Moroccan government selected five national and international investors to implement six major green hydrogen projects with total investment of MAD 319 billion (approximately USD 32 billion), with projects located in Laâyoune-Sakia El Hamra, Dakhla-Oued Eddahab, and Guelmim-Oued Noun regions.
• Bio-Oils Huelva S.L.U.flagshipStrategic or Co-development Partner · 1 April 2023In April 2023, Spanish oil and gas firm CEPSA partnered with Bio-Oils Huelva S.L.U. to construct southern Europe's largest second generation biofuel production plant, representing a major investment in sustainable biofuels.
• Coastal Energy (acquired by Cepsa)minorOthers · 1 January 2014Conrad Clauson, CEO of Coastal Africa Group, previously delivered approximately a six-times return on invested equity through Coastal Energy, which was acquired by Spanish oil major Cepsa for approximately C$2.3 billion in 2014.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Eni: Italian integrated energy company with refining, chemicals, biofuels, and an active green hydrogen and decarbonization strategy. Direct European peer with similar regulatory exposure and product portfolio overlap.
• TotalEnergies: French integrated super-major with refining, specialty chemicals, marine fuels/lubricants, and an aggressive renewables and hydrogen strategy. Comparable business mix to Moeve with broader geographic and capital scale.
• BP: Global integrated super-major with a parallel pivot toward integrated energy, biofuels, hydrogen, and EV charging. Overlaps with Moeve in marine lubricants, refining, and emerging energy; significantly larger scale and global reach.
• Shell: Global integrated energy major with leading marine lubricants franchise, refining, chemicals, and a multi-billion-dollar hydrogen and biofuels program. Competes head-to-head with Moeve in marine lubes and increasingly in green molecules.
• OMV: Austrian-headquartered integrated energy group with refining, petrochemicals, and a stated path into sustainable fuels and hydrogen. Comparable European refining and chemicals exposure to Moeve.
• BASF: Global specialty and basic chemicals leader producing surfactants, LAB intermediates, and increasingly sustainable chemistry offerings. Overlaps with Moeve's chemicals segment, particularly NextLab-R LAB value chain.

Regional players

• Iberdrola: Spanish-headquartered global renewable energy and green hydrogen developer. Competes for Iberian electrolyzer, renewable PPA, and green molecule offtake projects adjacent to Moeve's energy transition strategy.

Direct peers

• Galp Energia: Portuguese integrated energy company with refining, E&P, renewables, and a stated hydrogen and biofuels pivot. Comparable Iberian footprint, similar scale of transition ambitions, and overlapping customer base.
• Repsol: Spanish integrated oil and gas major with refining, E&P, chemicals, and a parallel energy transition strategy including renewable hydrogen, advanced biofuels, and EV charging. Closest geographic and strategic peer to Moeve in Iberia.

Emerging players

• ACWA Power: Saudi developer of large-scale green hydrogen and renewable energy projects (including the $8.4B NEOM project). Partner of Moeve in the Moroccan green H2 consortium and a relevant emerging competitor in industrial-scale green H2.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CEPSA_ES
• Facebookfacebook.com/cepsa
• LinkedInlinkedin.com/company/cepsa

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cepsa