REPSOL
Officials ink deal for Portuguese polymer project
The chemical plant in Sines / Portugal (Photo: Repsol)
Chairman Antonio Brufau and CEO Josu Jon Imaz from Spanish energy and petrochemical company Repsol (Madrid; www.repsol.com) were on hand for a signing ceremony with the Portuguese government in mid-October 2021 for the supplier’s proposed domestic investment in Sines.

The company plans to invest EUR 657m to build two plants for 300,000 t/y each of polypropylene and “linear” polyethylene (see Plasteurope.com of 14.07.2021). The polymers produced will be fully recyclable, Repsol noted. Imaz said he expects the Sines complex to become a European benchmark, and that the advanced materials it produces will play an important role in the decarbonisation of society.

The Portuguese government considers the project of “potential national interest”, a qualification reserved for investments that significantly contribute to the country’s economy. The project, Portugal’s largest industrial investment in the past 10 years, is to benefit from tax incentives of up to EUR 63m.

Repsol has already awarded a lumpsum turnkey contract to Italy’s Tecnimont (Milan; www.mairetecnimont.com) for engineering, procurement and construction services for the project (see Plasteurope.com of 09.08.2021).

20.10.2021 Plasteurope.com [248799-0]
Published on 20.10.2021

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 28.11.2021 16:13:12   (Ref: 460379496)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp