Portugal: 100% Recyclable Polymeric Materials Repsol to Invest 780 Million Dollars for New Polymer Materials Units
Repsol has plans to expand its Sines Industrial Complex in Portugal with the construction of two polymer materials plants. On completion, the project is expected to be one of the most advanced in Europe.
Madrid/Spain – Repsol will build two polymer materials plants at its Sines Industrial Complex in Portugal, representing the largest industrial investment in Portugal in the last ten years, at 780 million dollars. The new materials produced are 100 % recyclable, like the rest of Repsol's polyolefins, and can be used for highly specialized applications aligned with 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.
The project includes a linear polyethylene plant and a polypropylene plant, each with a capacity of 300,000 tons per year.
The technologies applied in both plants, which guarantee maximum energy efficiency, are market leaders and 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, incorporating the possibility of using rail transport. This will improve the connection with the European market and reduce the carbon footprint of product transportation.
The new investment project has been designed to accompany Repsol's goals of being 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 75 million dollars.