Sales and Investments Repsol’s Polyolefins Sales Increase by 20%
Repsol’s had a successful start of 2015. The company’s polyolefin sales increased by 20 per cent compared to 2014 and they restarted their updated and downsized cracker in Puertollano, after an investment of €60 million.
Madrid/Spain — Compared to the same period 2014, Repsol achieved over 20% increase in its polyolefins sales in Europe during the first quarter of 2015. The company focussed its production growth on premium and differentiated products, geographical diversification outside the Iberian Peninsula and increased contact with distributors. This has allowed the company to take advantage of increased domestic demand and export opportunities.
The increased sales volume is attributed to the recent investments, such as the technical enhancements and the use of propane as feedstock in the crackers at Tarragona and Sines, as well as the good performance and productivity of the plants in the first quarter of 2015.
At the beginning of April, Repsol restarted its cracker at Puertollano after a programmed shutdown, during which more than 60 million euros were invested to downsize the cracker to adapt its capacity to the availability of naphtha alternative feed-stocks such as fuel-gas stream from refining, and also to replace all critical cracker equipment with cutting-edge technology which improve energy efficiency, sustainability and productivity.
The downsizing of the cracker has limited its capacity of ethylene to 100,000 tonnes per year, which has led to the closure of the old High Density Polyethylene (HDPE) plant. Nevertheless, this has enabled Repsol to optimize the occupation rate of its five EVA units, increasing production of these differentiated products by 7%.
Futhermore, the improvements achieved in the refining FCC unit allow an increase in propylene production that subsequently enables Repsol to increase it polypropylene production to over 30,000 tonnes per year. All of the above make Repsol’s petrochemical complex in Puertollano a fully integrated site, with polyolefin units focused on differentiated products and a competitive cracker combining energy efficiency and alternative feed-stock from refining.