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CHAPTER 5 Innovation and technology

A culture of innovation is one of our hallmarks. Using research as a tool, we create value, improve competitiveness and the quality of operations and products, optimize production processes and, ultimately, make progress while ensuring the sustainability of our business over time.

The Technology area, which has an advanced Research Center, brings to- gether the Company s innovation ac- tivities. The Research Center, together with the Technological Development and Engineering area, are responsible for ensuring the research, develop- ment and construction of new projects required by all Cepsa s business units.

Technology provides support to busi- ness units and cooperates closely with all of them. It has pilot plants and state-of-the art analytical equipment,

as well as highly specialized profe- ssionals, who support the business units in the development of new pro- ducts and production technologies.

Once research on new processes or new products has been completed at the Research Center, Technology De- velopment and Engineering ensure the implementation, engineering, construction and start-up of the new production units that are necessary for the Company s technological develop- ment.

ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015