IHS Chemical Week

EnviroTech :: R&D

Repsol Acquires Stake in Industrial Biotech Development Company

6:05 AM MDT | June 8, 2012 | Ian Young

Repsol says it has agreed to acquire a 50% stake in Neol Biosolutions, an entity that has been split off from Neuron Bio's (Granada, Spain) bioindustrial business. The joint venture will accelerate the development at industrial scale of processes developed by Neuron Bio to obtain advanced biofuels. Neol Biosolutions applies biotechnology by selecting the most appropriate microorganisms to obtain and improve products such as biofuels. The company will develop "cutting-edge biotechnology for the energy sector, offering a multitude of synergies with Repsol's...

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