News International Sugar Journal

Repsol moves into biofuels with $80 million joint venture with KUO Group [Registered]

Repsol, a giant in international oil and gas, has entered the biofuel sector with the formation of Kuosol, a joint venture with KUO Group, one of Mexico’s largest industrial conglomerates. Under an agreement signed in Madrid in early November by the chairmen of the two companies, Antonio Brufau (Repsol) and Fernando Senderos Mestre (KUO Group), each firm will have a 50 percent stake in the new $80 million (€57 million) venture. Together the companies will plant and cultivate 10,000 hectares of jatropha in Yucatan, Mexico, principally on third party lands. It is estimated that agricultural development will be completed in…

Login or sign up

Create an account

Lost your password?