Repsol Picks up Stake in Bio Company

Date: Friday, June 8, 2012

Repsol signed an agreement with Neuron Bio to buy 50% of NEOL Biosolutions. The alliance will accelerate industrial scale development of processes to obtain advanced biofuels previously developed by Neuron.

NEOL will continue to develop cutting-edge biotechnology for the energy sector, offering a multitude of synergies with Repsol’s biofuels projects in line with the European Union’s drive for innovation that should help create a sustainable bioeconomy by 2020.

The company has a team of 25 highly qualified professionals that are internationally renowned in the biotechnology industry and assets that include a platform for discovery and development of bioprocesses (Microbiotools by Neuron®), a number of patented biofuels generation processes (MicroBiOil®) and a pilot plant for demonstration purposes.

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