EIB to provide 200 million euro for Repsol’s R&D programs

In Spain, the European Investment Bank signed papers to fund the Repsol Technology Centre’s research and development plan with 200 million euros to cover a number of projects of the Repsol research and development program, covering different energy areas. 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. This will also include programs for systems development in renewable energy, biofuels and transport solutions.