Repsol is investing €2.5 million in its specialty plant in Palencia for a new paraffin pearl manufacturing line. The multi-energy company continues its commitment to the industry in Spain through investments that drive innovation, sustainability, and economic development.

 This investment in the Palencia facility increases the plant's production capacity by 33% and contributes to direct job creation in the city, with the addition of new jobs. The products manufactured at this factory are essential for supplying the value chains of various sectors, including candles, tires, boards, and construction.

The Mayor of Palencia, Miriam Andrés, congratulated Repsol on behalf of the entire city for seeing how, after four decades of work, the Palencia factory "expands and diversifies its production, generating direct and indirect jobs and boosting the local economy." In this regard, the Palencia councilor expressed her satisfaction at participating as mayor in an event of this nature, where a new investment is being presented that guarantees "employment and wealth in the present and future."

 For her part, the President of the Palencia Provincial Council, María Ángeles Armisén Pedrejón, expressed her gratitude to Repsol for its commitment to Palencia. “Betting on Palencia isn't just about investing in a geographical location; it's about investing in the talent of our people, the quality of life we offer, and a province that looks to the future with ambition and confidence.” She added that she knows that “socioeconomic development is only possible if the public and private sectors work hand in hand.”