Repsol begins a historic investment in Portugal in the Sines complex

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Repsol is undertaking the largest industrial investment in Portugal in the last ten years. The company has already obtained all the necessary permits and has just started work on the expansion of the Sines complex, where it will invest 657 million euros.

Repsol will build two polymeric materials plants in Sines thanks, among other things, to the 300 million euros in financing it has just received from the Official Credit Institute (ICO) for the transformation of industrial complexes.

The new materials produced in the two plants will be 100% recyclable, like the rest of the company’s polyolefins, and can be used for highly specialized applications in the pharmaceutical, automotive and food sectors.

The facilities will be operational by 2025 and will make the Sines industrial complex one of the most advanced in Europe.

The project includes a linear polyethylene (PEL) plant and a polypropylene (PP) plant, with a total capacity of 600,000 tons per year. The technologies of both plants, which guarantee maximum energy efficiency, are market leaders and are the first of their kind to be installed in the Iberian Peninsula.

The industrial complex in Sines will also have new logistics facilities, with the possibility of using the railroad to optimize the connection with the European market.

The new investment project has been designed to accompany Repsol’s goals of being a net zero emissions company by 2050 and aligns with the Paris Agreement strategy. The Portuguese government considered this investment to be of potential national interest and also granted tax incentives of up to 63 million euros.

During the construction phase, an average of 550 direct and indirect jobs are expected to be created, with a maximum of over 1,000 people. Once the plant is operational, the net increase in personnel will be approximately 75 direct jobs and 300 indirect jobs.

Repsol is already transforming all its industrial complexes into multi-energy hubs, equipping them with the latest technologies to decarbonize their processes by improving energy efficiency, boosting the circular economy, producing renewable hydrogen and increasing CO2 use and capture.

Repsol produces and markets a wide variety of petrochemical products, including a broad range of highly differentiated polyolefins, all of which are 100% recyclable. The company is committed to efficient chemistry with low carbon footprint and circular economy oriented products, and one of its goals is to recycle the equivalent of 20% of its polyolefin production by 2030.

https://www.repsol.com/en/index.cshtml

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