Spanish energy and chemicals company Cepsa has renamed itself Moeve. This is described as part of the Positive Motion strategy, under which the company is seeking to position itself as “a leader in sustainable energy and mobility” with most of its profits coming from sustainable activities by 2030.

The company is already decarbonising its operations through an €8 billion investment strategy. Over 60% of this will be dedicated to sustainable businesses, including the production of green hydrogen, 2G biofuels, sustainable chemical products and ultra-fast electric charging.