Ranking of groups · Spain

Largest CO2 emitter owners in Spain, by group

The 35 CO2 emitter owners in Spain, each company counted under its ultimate parent and ranked by the verified emissions in 2025 of the CO2 emitters the group's companies own, operate or hold. Repsol leads with 11,150,510 tCO2e across 8 CO2 emitters, held by 4 of its companies, ahead of Enel (8,701,919 tCO2e) and Naturgy (6,064,273 tCO2e).

A group is a parent company in the data and every subsidiary under it (GLEIF, Wikidata and the UK register of people with significant control); a company with no parent in the data is a group of its own. Each CO2 emitter counts once per group, in whole, or by the group's share where a source records one. A CO2 emitter with owners or operators in two groups counts in both, so the sizes do not add up to Spain's total. The 35 groups listed are linked to 61,826,534 tCO2e; the CO2 emitters in Spain with verified emissions in 2025 recorded add up to 60,102,888 tCO2e.

#Group, and its companies that hold themCountryCO2 emittersVerified emissions in 2025Largest
1Repsol
Through Repsol Petróleo, S.A., Repsol Generación Ciclos Combinados S.L.U. and 2 more
Spain811,150,510 tCO2eRepsol Petróleo S.A. 2,370,702 tCO2e
2Enel
Through Unión Eléctrica de Canarias Generación, S.A.U., Endesa Generación, S.A. and 1 more
Italy138,701,919 tCO2eUnión Eléctr. de Canarias Generación-CT Granadilla 1,941,603 tCO2e
3Naturgy
Through Naturgy Ciclos Combinados, S.L.U.
Spain96,064,273 tCO2eCCC - Cartagena 1,133,989 tCO2e
4ArcelorMittal España, S.A.Spain14,673,784 tCO2eArcelorMittal España, S.A. 4,673,784 tCO2e
5Compañía Española de Petróleos, S.A.
Directly and through Generación Carteia, S.L., Generación Eléctrica Peninsular, S.A. and 1 more
Spain84,339,262 tCO2eParque Energético San Roque 1,506,300 tCO2e
6Control Empresarial de Capitales SA de CV
Through Cementos Portland Valderrivas, S.A. and Cementos Alfa, S.A.
Mexico62,849,368 tCO2eCementos Portland Valderrivas, S.A. 676,598 tCO2e
7Aboño Generaciones Eléctricas, S.L.U.Spain12,642,623 tCO2eAboño Generaciones Eléctricas, S.L.U. 2,642,623 tCO2e
8Iberdrola
Through Iberdrola Generación Térmica, S.L., EnergyWorks Cartagena, S.L. and 1 more
Spain62,560,284 tCO2eIberdrola Generación Térmica-Central C.C.Arcos 913,274 tCO2e
9Holcim AG
Through LafargeHolcim España, S.A.U.
Switzerland41,965,730 tCO2eLafargeHolcim España SAU Instalación de Carboneras 671,019 tCO2e
10Votorantim Cementos España, S.A.Spain41,633,589 tCO2eVotorantim Cementos España, S.A. 556,973 tCO2e
11Cemex España S.A.
Through Cemex España Operaciones, S.L.U.
Spain41,590,423 tCO2eCemex España Operaciones, S.L.U. - Alcanar 609,786 tCO2e
12Energias de Portugal
Through Central Térmica de Ciclo Combinado Grupo 4, S.L. and Totalenergies Clientes, S.A.U.
Portugal21,415,257 tCO2eCentral Térmica de Ciclo Combinado Soto de Ribera 756,805 tCO2e
13Corporacion Masaveu SA
Through Cementos Tudela Veguín SA
Spain31,399,604 tCO2eCementos Tudela Veguin, S.A. - La Robla 489,694 tCO2e
14BP p.l.c.
Through BP Oil España SAU
United Kingdom11,195,751 tCO2eBp Energía España, S.A. 1,195,751 tCO2e
15Solvay S.A.
Through Solvay Química S.L.
Belgium1973,071 tCO2eSolvay I 973,071 tCO2e
16Trifuchsia MidCo S.à r.l.
Through Fertiberia, S.A.
Luxembourg2904,459 tCO2eFertiberia - Fábrica de Palos 506,639 tCO2e
17Dow Inc.
Through Dow Chemical Iberica, SL
United States1884,346 tCO2eDow Chemical Ibérica, SL - La Pobla de Mafumet 884,346 tCO2e
18Cementos Molins S.A.
Through Cementos Molins Industrial, S.A.
Spain1735,662 tCO2eCementos Molins Industrial S.A. 735,662 tCO2e
19S.A.I.C.A.Spain4697,963 tCO2eS.A.I.C.A.-1 199,853 tCO2e
20Castleton Commodities International LLC
Through Bizkaia Energia, SLU
United States1558,058 tCO2eBizkaia Energía, S.L.U. - Amorebieta 558,058 tCO2e
21Air Liquide
Through Air Liquide Ibérica de Gases
France2504,987 tCO2eAir Liquide Ibérica de Gases, P.P H2 Puertollano 291,767 tCO2e
22Bahía de Bizkaia Electricidad, SLSpain1440,683 tCO2eBahía de Bizkaia Electricidad - BBE 440,683 tCO2e
23Calcinor SL
Through Calera de Alzo, SL and Dolomitas del Norte
Spain2423,456 tCO2eCalera de Alzo S.L 223,236 tCO2e
24Contourglobal Limited
Through ContourGlobal La Rioja, S.L
United Kingdom1392,810 tCO2eContourGlobal La Rioja, S.L 392,810 tCO2e
25Alcoa
Through Alúmina Española, S.A.
United States1389,083 tCO2eAlúmina Española - Planta de San Ciprián 389,083 tCO2e
26Central Termica Soto 3 SLUSpain1383,727 tCO2eCentral Térmica Soto 3 383,727 tCO2e
27CRH plc
Through Cementos Lemona, S.A.
Ireland1364,756 tCO2eCementos Lemona, S.A 364,756 tCO2e
28Cimsa Cementos España, SAUSpain1323,792 tCO2eCimsa Cementos España, SAU-Buñol 323,792 tCO2e
29Magnesitas Navarras, S.A.Spain1298,313 tCO2eMagnesitas Navarras, S.A. 298,313 tCO2e
30Ministry of Economics, Finance and Industrial and Digital Sovereignty
Through ENGIE Cartagena, S.L.
France1278,615 tCO2eENGIE Cartagena, S.L. - Escombreras 278,615 tCO2e
31Air Products And Chemicals, Inc.
Through S.E. Carburos Metálicos, S.A.
United States1276,226 tCO2eS.E. Carburos Metálicos, S.A. 276,226 tCO2e
32Heidelberg Materials AG
Through Heidelberg Materials Hispania Cementos, S.A.
Germany1274,547 tCO2eHeidelberg Materials Hispania Cementos, S.A. 274,547 tCO2e
33ViscofanSpain1209,563 tCO2eViscofan España S.L.U. 209,563 tCO2e
34Acerinox SA
Through Acerinox Europa S.A.U
Spain1168,370 tCO2eAcerinox Europa, S.A.U. 168,370 tCO2e
35Vertex Bioenergy SL
Through Biocarburantes de Castilla y León, S.A.
Spain1161,670 tCO2eBiocarburantes de Castilla y Leon 161,670 tCO2e

Every CO2 emitter owner in Spain, with the people who decide.All 35 groups with their companies, each CO2 emitter with its share where we know it, and an introduction to the people who decide on buying and selling.

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