Colombian ecopetrol creates subsidiary focused on technology and innovation in spain

BOGOTA, Mar 17 (Reuters) - Colombian energy company Ecopetrol announced on Friday the creation of a subsidiary in Spain focused on activities related to science, technology and innovation, as part of its diversification process and transition to clean energy.

Econova Technology & Innovation will be 100% controlled by Ecopetrol, Colombia's largest company.

"The presence in Spain allows us to be in the European Union, to have early access to developing technology and international funding sources, promoting the entry of the Ecopetrol Group into the global ecosystem," the company said in a statement.

Ecopetrol acquired in 2021 ISA, a business conglomerate with operations in energy, roads and telecommunications businesses in Colombia, Brazil, Chile, Peru, Bolivia, Argentina and Central America through 51 affiliates and subsidiaries.