Repsol YPF and Acciona sign biggest world agreement of its kind to produce biodiesel
Press Release16/03/2006 07:00
Estimated investment could be over 300 million euros.
Up to six producing plants to be built, employing directly over 200 people, and indirectly over 5,000.
Total biodiesel production to be over one million tonnes per year.
The group of plants would be operational between the first semester in 2007 and the second semester in 2009.
The biodiesel produced will prevent emissions to the atmosphere of some 3 million tonnes of CO2 in the year 2010.
By means of this agreement, Repsol YPF and Acciona will promote the production of vegetable oils in the Spanish agriculture, dedicating between 200,000 and 300,000 hectares of irrigated land for this purpose.
Both companies, collaborating in the area of biodiesel since 2000, will continue researching for improved performance of crops destined to produce biofuels.
ACCIONA will participate in the biodiesel plant that Repsol YPF intends to build at León. This project will be of an integrated nature, having the participation of local farming associations.