IMECAL and Repsol create the new company PERSEO Biotechnology for waste valorisation

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Type of post: NEWS.

Repsol, through its private equity investment fund, Repsol Corporate Venturing, and the Spanish metallurgical company IMECAL have created a new company, PERSEO Biotechnology. The resulting company is a spin-off of IMECAL’s innovation department, and it combines all the assets spun off from its parent company associated with a novel patented technology called PERSEO Bioethanol®.
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Figure 1. IMECAL and Repsol creates the new company PERSEO Biotechnology for waste valorisation

The development and optimization of this technology, consisting in hydrolysis and fermentation of the raw material in a single step, represents a qualitative leap in the valorization of municipal solid waste. In addition, among the most notable advantages of this process are the high yields compared to other options, its modularity, and its complementarity with existing facilities.

PERSEO Biotechnology has a pre-commercial scale plant in L’Alcudia (Valencia), with a capacity to process 25 tons of organic waste a day. The alliance with Repsol, through its Corporate Venturing fund, will allow the start-up company to accelerate the scale-up of the technology to reach the commercial phase. At the same time, both companies will collaborate on different projects to make the PERSEO Bioethanol® technology more efficient and make the range of wastes it can process more flexible.

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