The European Investment Bank (EIB) to co-finance Repsol’s research, development and innovation programme

The EIB will provide Repsol with 200 million euros for its R&D programmes

Press Release 17/05/2013 00:00
  • The Vice President of the European Investment Bank (EIB), Magdalena Álvarez, and Repsol's Chairman, Antonio Brufau, signed the financing agreement in Madrid today. 
  • Investments, to be carried out between 2013 and 2016, support European Union and the EIB objectives to promote sustainable, competitive and secure energy  supplies as well as promoting energy efficiency and the technical development of European companies.
  • Repsol’s strategic planning envisages an investment of over 400 million euros in R&D, a key area for the company.
  • The EIB will finance a development program that includes improvements in natural gas transport, energy efficiency, optimisation of refining processes, development and production of petrochemical derivatives and carbon dioxide storage. Also included are programs for systems development in renewable energy, biofuels and transport solutions.
  • The majority of projects are being developed at the Repsol Technology Centre in Móstoles (Madrid), one of the most advanced in Europe and the largest in Spain.

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