Repsol presented with the 2024 National Innovation and Design Award.
Repsol has been presented with the 2024 National Innovation Award in the Large Innovative Company category, at a ceremony presided over by Queen Letizia. This award, conferred by the Spanish Ministry of Science, Innovation and Universities, is recognition of Repsol's achievements, and reaffirms its commitment to science and sustainable technology. Antonio Brufau, CEO and Chairman of Repsol, collected the award during the event held on 6 November at the El Prado Royal Palace in Madrid.
Diana Morant, Spanish Minister of Science, Innovation and Universities, highlighted the role of the RepsolTech Lab and its Corporate Venturing unit as an example of how to position innovation at the heart of corporate strategy. "Repsol's open innovation model covers all phases of innovation and enables strategic partnerships and collaboration to be set up and developed, with a view to pooling efforts and capabilities to deliver solutions to this major global challenge. This has resulted in an exceptional capacity to attract SMEs in the sector, to promote the entrepreneurial ecosystem and to act as a role model for innovation in the company's internal organisational model, with multiple success stories", she added.
The RepsolTech Lab, based in Móstoles, Madrid, is Repsol's R&D centre for the development of technologies that will enable Repsol to advance towards its goal of becoming a net-zero emissions company by 2050. The centre's laboratories are equipped with state-of-the-art testing and analysis techniques, focused on developing new products from renewable sources. The laboratories' pilot plants, equipped with high-tech resources, recreate small-scale industrial processes which are the same as those carried out in industrial complexes under real conditions, while monitoring all variables.
Source: Repsol
