Energy company Repsol has announced plans to invest €657 million in capacity expansion at its Sines Industrial Complex, the largest industrial investment in Portugal in the last ten years.
Sines Industrial Complex. Photo: Repsol
Sines Industrial Complex, Portugal. Photo: Repsol
The new materials produced will be 100% recyclable, like the rest of Repsol’s polyolefins, and can be used for highly specialised applications aligned with the energy transition in the pharmaceutical, automotive and food industries.
The facilities will be operational in 2025 and make the Sines Industrial Complex one of the most advanced in Europe due to its flexibility, high degree of integration and competitiveness.
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The project includes a linear polyethylene (PEL) plant and a polypropylene (PP) plant, each with a capacity of 300,000 metric tonnes per year. The technologies applied in both plants are the first of their kind to be installed on the Iberian Peninsula.
Located in a privileged location, the Sines Industrial Complex will also have new logistics facilities, possibly using rail transport. This will improve the connection with the European market and reduce the carbon footprint of product transportation.
This investment in the Sines Industrial Complex will increase the synergies of the company’s industrial business which already operates with a high degree of logistic and commercial integration and a highly efficient and flexible joint operation.
It also contributes to Repsol’s goal of having a more integrated and diversified petrochemical industry, with higher value-added products.
The new investment project has been designed to support Repsol’s goal to be a net-zero emissions company by 2050 and is aligned with the Paris Agreement. The Portuguese government has considered this investment of national Interest and has granted tax incentives worth up to €63 million.
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Josu Jon Imaz, Repsol’s CEO, said: “This investment demonstrates Repsol’s commitment to its industrial complex in Portugal. The company is supporting industrial development that enables the energy transition while creating wealth and quality employment.”
Repsol, a global multi-energy provider, is already transforming all its industrial complexes into multi-energy hubs, equipping them with the latest technologies that enable them to decarbonise their processes by improving energy efficiency, promoting the circular economy, producing renewable hydrogen and increasing the use and capture of CO2.
The company manufactures and markets a wide variety of petrochemical products, ranging from basic petrochemicals to derivatives, including a wide range of polyolefins with a high degree of differentiation, all of which are 100% recyclable. The company aims at recycling the equivalent of 20% of its polyolefin production by 2030.
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