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5.2 GLOSSARY
Barrel: Measure of volume equivalent to 159 litres.
Biofuel: Fuel from vegetable oil.
CDP: Carbon Disclosure Project. A non-profit organisation which manages global disclosure for investors, compa- nies, cities, states and regions in order to manage their impact on the environment.
CEO: Cepsa Energy Outlook.
CH4: Methane.
CO2 equivalent: Equivalence of the glob- al warming potential of carbon dioxide (CO2) with other greenhouse gases.
CO2: Carbon dioxide.
Cracking: This involves breaking up or splitting high molecular weight hydrocar- bons (fuels such as diesel oil and fuel oil) into lower molecular weight components (naphtha).
Direct greenhouse gas emissions (Scope 1): Emissions that take place at centres owned by the organisation or those under its control.
Emission allowances: Permits or cre- dits given to organisations that enable them to fulfil the objectives of the Kyoto Protocol, and which can subsequently be sold on a regulated market.
EPD: Environmental Product Declara- tion. Certified environmental declaration of environmental information for pro- ducts and services based on the analysis of lifecycle and other relevant informa- tion.
FAME: fatty acids methyl esters; a bio- fuel obtained from vegetable oils.
Flaring: controlled burning of hydrocar- bon without energy recovery, in the ope-
rational flare systems, that takes place during production and processing activi- ties.
FRC: Family Responsible Company.
GHG Protocol: Standardised global framework for the measurement and management of greenhouse gas emi- ssions.
GHG: Greenhouse Gases.
GJ: Gigajoule (1 billion joules). The joule is the International System of Units (SI) unit of work or energy, which is equiva- lent to the work done on an object when a force of one newton acts on that object in the direction of its motion through a dis- tance of one metre.
GRI: An independent institution that de- veloped the first global standard for the preparation of sustainability reports for those companies that wish to evaluate their financial, environmental and social performance. It is an official centre co- llaborating with the United Nations Envi- ronment Programme (UNEP).
GW: Gigawatt (1 billion watts). The watt is the unit of power in the International System of Units which is equivalent to the power produced by a potential diffe- rence of 1 volt and an electric current of 1 ampere (1 volt-ampere).
GWh: Gigawatt/hour. Energy unit.
Henry Hub Spot: The daily spot price of natural gas at the main market of United States.
Hydroskimming: A refinery with a con- figuration that only includes distillation, reforming and some hydro-treatment.
ILO (International Labour Organisa- tion): United Nations Organisation that advocates for internationally recognised
social justice and human and labour rights.
Indirect greenhouse gas emissions due to consuming energy (Scope 2): Emissions occuring due to the purchase or acquisition of electricity, heating, cool- ing and steam consumed by the organi- sation.
ISCC: Certification system of compliance with sustainability legal requirements in the bioenergy markets.
ISO: International Organisation for Stan- dardisation.
ISO 14001: Certifiable environmental management standard.
ISO 14064: Standard that verifies reports on Greenhouse Gas Emissions.
ISO 19600: Certifiable compliance ma- nagement standard.
ISO 20000: IT Services management certification standard.
ISO 27001: Certification standard for in- formation security management.
ISO 50001: Certifiable energy manage- ment standard.
ISO 9001: Certifiable quality manage- ment standard.
IUCN: International Union for Conserva- tion of Nature.
JV (Joint Venture): joint commercial investment agreement between two or more partners.
LAB: Linear alkyl benzene, the most common raw material in the production of biodegradable detergents.
LABSA: Sulphonic acid of linear alkyl
