We are in the middle of the first true global energy crisis. MORCHEM has evaluated the situation and the risks to which its 2 plants in Spain might be exposed.
Presently, Spain leads EU with most LNG regasification capacity accounting for 32% of the total EU capacity, and receiving liquefied pressurized gas (LPG) from different origins.
Spain’s gross electricity generation comes from renewable sources, followed by nuclear energy and finally gas with only 17,6%. Thus, the gas shortage has less impact on the electricity production in Spain than in the rest of the EU.
MORCHEM, included in the strategic sector during the COVID pandemic, would be given preference to receive energy supply, as it provides essential services for basic social functions.
Raw material supply: MORCHEM has a wide range of approved suppliers in different geographical areas, having sufficient alternatives to assure production in case of EU suppliers should fail due to energy shortages.