Page 12 - EurOil Week 28 2021

EurOil PROJECTS & COMPANIES EurOil

Repsol eyes expansion at

Sines petchems complex

SPAIN SPAIN’S Repsol is looking to expand production and commercial integration and a highly
of specialty chemicals at its petrochemicals com- efficient and flexible joint operation,” Repsol
The expansion at plex in the Portuguese port of Sines. said. “It also contributes to Repsol’s goal of
Sines will form part of Under a project worth €657mn ($779mn), having a more integrated and diversified pet-
Repsol’s 2021-2025 representing Portugal’s biggest industrial invest- rochemical industry, with higher value-added
investment plan worth ment in the last decade, Repsol will construct a products.”
€18.3bn, which it 300,000 tonne per year linear polyethylene plant The Sines complex houses a steam cracker
unveiled in December and a 300,000 tpy polypropylene plant. These and additional derivatives units. It already pro-
last year. 100%-recyclable polymeric materials have spe- duces 410,000 tpy of ethylene, 220,000 tpy of
cialised uses in the pharmaceutical, automo- propylene, 145,000 tpy of low-density polyeth-
tive and food industries, the company noted. ylene, 150,000 tpy of high-density polyethylene,
It added that the technologies employed at the 52,000 tpy of butadiene and 53,000 tpy of methyl
facilities were “market leaders,” guaranteeing tertiary butyl ether and ethyl tertiary butyl ether.
maximum energy efficiency. They are scheduled The expansion at Sines will form part of Rep-
to start operations in 2025. sol’s 2021-2025 investment plan worth €18.3bn,
In addition, Repsol will also construct new which it unveiled in December last year. Under
logistics installations to enable the complex to this plan, Repsol is shifting its focus away from
use rail transport to deliver its products to mar- upstream operations and towards low-car-
kets. Besides lowering costs and delivery times, bon investments, as part of efforts to become
this will also reduce emissions, it said. a net-zero emissions company by the middle
The project has been declared an invest- of the century. It has set aside €5.5bn to spend
ment of national interest, meaning it is set to on low-carbon projects over the next five years,
receive €63mn in tax incentives from Portugal’s including for renewable and low-emissions fuel
government. production, energy efficiency, low-emissions
“This investment ... will increase the syner- power generation, renewable hydrogen, circu-
gies of the company’s industrial business, which lar economy initiatives, synthetic fuels and CO2
already operates with a high degree of logistic capture, use and storage (CCUS).™

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