Repsol YPF, the Spanish-Argentine oil and gas group, is leading a four-year, €22 million (US$27 million) Spanish research project on biodiesel with 14 other companies.
Funded by the Spanish Ministry of Industry, Tourism and Commerce, through the CDTI (Center for the Industrial Technological Development), the project is intended to support the introduction of biodiesel into the Spanish market by reducing production costs and increasing the availability of necessary local raw materials for feedstock.
Robert Bosch Spain—suppliers of automotive components including diesel common rail fuel injection systems—is participating in the project from the automotive sector.
During the first stage of the project, the partnership will work in the investigation and identification of new raw materials to produce biodiesel, including plants adapted to earth and climate of the Iberian Peninsula, marine seaweed, waste from slaughter houses, waste cooking oils and others.
Repsol YPF recently announced an agreement with Acciona Energía to invest more than €300 million (US$365 million) in the construction of up to six biodiesel plants in Spain, with a combined potential production capacity of more than 1 million metric tons per year (302 million gallons per year, or about 20,000 barrels per day). The companies expect the plants to come on-stream during the first half of 2007 through the second half 2009. (Earlier post.)