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Repsol initiates expansion of its Petrochemical Complex in Sinex

19
Sep '08
Repsol's CEO, Antonio Brufau, Portugal's Prime Minister, and Minister of Economy José Socrates and Manuel Pinho, have announced the initiation of the Sines Petrochemical Complex expansion project.

This important project is one of company's main worldwide growth projects to be carried out in the Iberian Peninsula and represents an investment of more than 1 billion euros, one of the biggest investments ever to be realized in the history of Portugal.

The expansion of the Repsol Sines Complex contemplates building new lineal polyethylene and polypropylene units that will triplicate the current petrochemical complex, and will increase the current cracker capacity by 40%, until reaching a production of 570.000 tons of ethylene a year. In addition, a cogeneration plant of 45 megawatts (Mw) will be built, by this, the Sines Petrochemical Complex will increase its efficiency and become one of Europe's most advanced technological centres.

With this important investment, around 500 jobs will be created, and during the building process, more than 1.500 specialists will be employed.

The production of this new Complex will be mainly destined for export and will exceed more than 1.2 billion euros per year, which will have a positive impact when exporting petrochemical products from Portugal. The future capacity of the polyethylene and polypropylene factories will be equally 300 Kt/y, while the new cracker production capacity will be 570 Kt/y. The Repsol Sines Petrochemical Complex will end up with a production of almost a million tons of olefins and polyolefin's.

With the new polyethylene and polypropylene factories the Sines complex will no longer be a mere exporter of raw materials, (at the moment, near to 30% of ethylene and 100% of the propylene produced is exported) and it will significantly increase its added value by using the entire ethylene and polypropylene production of the cracker in the new polyolefin factories.

Repsol's CEO, Antonio Brufau, pointed out that: "without a doubt Portugal is one of the high-priority markets for our company, which is made evident by the billion euro investment. Consequently the Sines petrochemical complex is an extremely important project for Repsol which is included in the company's main worldwide strategic growth projects for the coming years."

The project in figures:
• 1.280.000 engineering hours
• More than 5 million building hours
• 273 kilometres of pipes
• 9.000 tons of structural steel
• 720 kilometres of electric wiring
• 825 kilometres of wired instrumentation

The company has been present in Portugal since 1978, when the commercialization of chemical products began. During these three decades, Repsol has multiplied its presence in that country with investments of near to a thousand million euros. In 1990, Repsol began the commercialization of its fuels.

At the moment, Repsol has a wide presence in the commercialization of oil products, with a modern network of 440 service stations in the main Portuguese cities.

They also offer a wide range of products and services among which are included the sale of GLP (butane and propane) through an extensive network of more than 10.000 sales points throughout the country, situating the Company with the third largest market share. Repsol is also present in Portugal through the Sines petrochemical Plant making them the largest chemical company in Portugal.

Repsol YPF


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