Cepsa and Bio-Oils formed a joint venture.

Cepsa, an international company committed to sustainable mobility and energy, and Bio-Oils, a biofuels projects developer formed a joint venture. Financial terms were not disclosed. "This alliance is a decisive step in our strategy to lead biofuels in Spain and Portugal and positions Andalusia as a European benchmark in sustainable energy production and the circular economy," Maarten Wetselaar, Cepsa CEO.