Repsol to enhance production at Sines Petrochem complex
28 Jul '06
3 min read
This project offers high returns since total investment per tonnes of installed polyolefin production (including acquisition costs), represents 60% of the cost required to build a new complex.
Enhances added value of the Sines petrochemical complex - Following the construction of two new polyolefin plants, the complex will cease to be a mere exporter of raw materials (over 30% of ethylene and 100% of propylene produced at the complex is currently exported outside Portugal), and will significantly enhance its added value by using all the cracker's ethylene and propylene production in the new polyolefin plants.
Linear polyethylene and propylene are plastics with numerous applications and constantly expanding markets. Demand for these products is showing very attractive annual growth rates (6% and 5%, respectively), greatly outpacing the economic growth rates of Western European countries.
The linear polyethylene plant will complement the range of products currently manufactured at the company's facilities in Sines, as well as in the Puertollano and Tarragona complexes, where Repsol YPF is now producing low and high-density polyethylene (LDPE and HDPE). The investment project will create a considerable number of jobs over the next four years.
Repsol YPF is one of the leading industrial groups in Portugal, with a turnover of EUR2.1 billion in 2005. The company is present in several areas of activity in the petroleum chain and has a workforce of over 1,500 employees.
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