AN INTEGRATED GROUP
REPSOL YPF, S.A. and the companies composing the REPSOL YPF group constitute an integrated group of oil and gas companies. REPSOL YPF is one of the world’s ten largest oil companies, ranking seventh in terms of refining and production capacity.
It commenced operations in 1987 and engages in all the activities relating to the oil and gas industry. These include:
• exploration
• the development and production of crude oil and natural gas
• the transportation of oil products, L.P.G. and natural gas
• refining
• the production of a wide range of oil products
• the retailing of oil products, oil derivatives, petrochemicals, L.P.G. and natural gas
RACING LANCERS RUN ON BIODIESEL
Mitsubishi’s competing Racing Lancers will feature advanced diesel technology, including high-pressure injection and low compression ratios. The cars will run on a fuel mix that includes biodiesel (*1): a carbon-neutral (*2) alternative fuel.
Repsol sees the arrival of diesel power for the Racing Lancer as an ideal opportunity to bring its latest research developments into efficient fuels in general and non-food sourced biodiesel in particular to the table. The Spanish-based oil and gas firm's efforts in this field contributed to its recent nomination as a 'Gold Class' company in the Sustainability Yearbook 2008 compiled by Pricewaterhouse Coopers and Sustainable Asset Management (SAM), an independent company tasked with conducting the annual assessments for the Dow Jones Sustainability Index.
(*1) Biodiesel: an alternative fuel made using vegetable matter (non-food vegetable matter in this case).
(*2) Carbon neutral: total carbon dioxide emissions across the full lifecycle are offset by carbon dioxide absorbed during the production process. In the case of biofuel, vegetable matter absorbs CO2 through photosynthesis as it grows.
