Repsol/Kuo Plot Renewable JV

Repsol/Kuo Plot Renewable JV

Mexico M&A

Repsol and Grupo Kuo are jointly investing in a new 50/50 biofuel project in the Yucatan. According to Repsol, the Spanish oil company and the Mexican industrial conglomerate will together make an $80m equity investment in the new plant, known as KUOSOL, over the next several years, with each taking a 50% equity stake. The plant will produce biofuel from a jatropha plant. Repsol says the investment is part of its New Energy strategy to pursue technologies it can use to leverage its existing dist

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