EU approval for state aid to Repsol for expansion in Portugal

The European Commission has granted approval to the Portugese government to provide a EUR 150 mln (US$204 mln) investment. The investment will go towards Repsol Polimeros for the construction of linear low-density polyethylene (LLDPE) and polypropylene (PP) facilities and expansion of ethylene capacity at the company's site in Sines, Portugal. The LLDPE and PP units will have a capacity of 300,000 tpa and are slated for completion in 2010. The LLDPE plant will use Innovene G gas phase technology from Ineos Technologies while the PP unit will use Basell technology.
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