Repsol YPF heads a 22 million euro bio-diesel research project
Press Release24/04/2006 07:00
Repsol YPF will head the business consortium conducting the project, which will comprise 15 Spanish companies from various sectors.
The project will take advantage of feedstock abundant in Spain.
This venture receives financial support from the state as a CENIT (Centre for Innovation in Transport) programme, granted for large-scale projects deemed strategic for the future and of international projection.
It will be possible to cut the production cost of bio-diesel, while reducing carbon emissions and dependence on imported oil products.
Repsol YPF is one of the worlds largest producers of bio-fuel.